CPI data need for continued price and wage moderation

“Today’s monthly CPI data reinforces expectations that inflation peaked in late 2022. It is encouraging that the monthly indicator points to an annual rate of 6.8% in the twelve months to the end of February which is already close to the Reserve Bank’s latest forecast of a 6.7% CPI rate for the year to the end of June,” Innes Willox, Chief Executive of the national employer association Ai Group said today.

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