New Zealand's First Quarter CPI Exceeds Expectations at 3.1%

New Zealand's Consumer Price Index (CPI) for the first quarter of the year recorded an annual rate of 3.1%, surpassing the anticipated 2.9%, according to Jin10. The previous quarter's CPI was also at 3.1%, indicating consistent inflationary pressures in the economy. This data suggests that inflation remains a significant concern for policymakers as they navigate economic strategies for the remainder of the year.