Petrol and diesel prices fell in New Zealand between May and June
According to the latest Stats NZ figures, petrol and diesel prices in New Zealand fell between May and June. There was, however, a slight increase in food prices over the same period.
According to the latest figures from Stats NZ, petrol and diesel prices across New Zealand fell between May and June. The agency said the decline was consistent with broader trends in the consumer price index.
Food prices, however, saw a slight increase over the same period, partially offsetting the positive effect of lower fuel costs on household budgets. Economists note that fluctuations in fuel prices are largely tied to developments in the global oil market.
Central bank officials continue to closely monitor movements in such core goods prices as they assess the inflation outlook. Analysts say how tensions in global energy markets feed through to local prices in the coming months will be a key factor to watch.
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