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Now Playing: Inflation at slowest rate but higher than expected (2:39)
Source: ONE News
Inflation climbed at its slowest rate in over five years due mostly to lower transport related prices, according to Statistics New Zealand's Consumer Price Index (CPI).
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Now Playing: ONE News' Corin Dann on the inflation rate (1:05)
Source: ONE News
ONE News Business expert Corin Dann on inflation rate figures
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Now Playing: John Ballingall on the latest inflation figures (3:39)
Source: TVNZ News at 8
The deputy executive of the New Zealand Institute of Economic Research, John Ballingall, discusses the latest inflation figures
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