The Country 21/07/26: Cameron Bagrie talks to Jamie Mackay

An independent economist comments on New Zealand’s annual inflation rate hitting its highest level in more than two years on rising fuel prices. The consumer price index (CPI) increased 4.1% in the 12 months to the June 2026 quarter. The 4.1% increase follows a 3.1% increase in the March quarter. The largest upward contributor to the annual inflation rate was petrol, up 27.5%.