Inflation rate tops 4% - worst in more than two years

Liam DannBusiness Editor at Large·NZ Herald·20 Jul, 2026 10:51 PM3 mins to read‌Westpac economist Satish Ranchhod discusses what the latest CPI data will mean for households and businesses. Video / Herald NOW BusinessNew Zealand’s annual inflation rate has hit its highest level in more than two years on rising fuel prices.The consumers price index (CPI) increased 4.1% in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today. The 4.1% increase follows a 3.1% increase