Prices Fell in June Quarter Amid COVID-19 Uncertainty

  • Jul 16, 2020 NZST
  • Team Kalkine
Prices Fell in June Quarter Amid COVID-19 Uncertainty

As per Stats NZ, the Consumers Price Index (CPI) fell 0.5 per cent in the June 2020 quarter due to cheaper petrol, hotel and motel prices during the global pandemic. It was first such fall in quarterly inflation since December 2015 when there was a 0.5 per cent drop in inflation.

Prices Senior manager Aaron Beck said that the pandemic created a lot of volatility and uncertainty, which resulted in significant price fluctuations and various measurement challenges.


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