Source: MIL-OSI Submissions
Higher accommodation prices contribute to inflation – Media release
22 January 2021
Higher prices for domestic accommodation, building a new home, and used cars led to a 0.5 percent lift in the consumers price index in the December 2020 quarter, keeping annual inflation at 1.4 percent, Stats NZ said today.
On a quarterly basis, domestic accommodation services were the top contributor to the CPI increase, up 20 percent in the December 2020 quarter, despite the impact of the COVID-19 pandemic on international tourism.
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