A fall to four per cent has New Zealand's inflation levels are the lowest for almost three years, but still outside the Reserve Bank's target band.
On Wednesday, Stats NZ's latest consumers price index (CPI) data showed headline inflation was at four per cent for the year to March 2024, and at 0.6 per cent for Q1 2024.
Housing costs, in particular rent, were a major factor keeping inflation high, with domestic, or non-tradeable, inflation at 5.8 per cent in the last year.
