New Zealand has posted inflation of 5.9% in 2021, the highest annual rate in three decades, mainly due to rising prices in real estate and the public services sector and transport, it was released on Thursday.
The rate represents the largest annual increase since inflation was 7.6% in June 1990, after the passage of legislation to maintain price stability over the medium term, according to Statistics New Zealand, the official agency responsible for statistics. .
The agency also reported that the consumer price index rose 1.4% between October and December 2021, a year when prices for new home construction rose 16% over previous years, amid supply chain issues, high demand and increases. Labor costs.
“New Zealand is not alone, with many other OECD (Organisation for Economic Co-operation and Development) countries experiencing higher inflation than in recent decades,” Director of Retail Prices Aaron Beck said in a statement. Statistics New Zealand Consumers. EFECOM
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