Employer Bulletin | 29 January

In the 12 months leading to the December 2023 quarter, New Zealand's consumer price index (CPI) rose by 4.7%.

Nicola Growden, Senior Manager of Consumer Prices, remarked that while this marks the smallest annual increase in the CPI in over two years, it continues to exceed the Reserve Bank of New Zealand's target range of 1 to 3%.

The primary driver behind the annual inflation rate for the December 2023 quarter was housing and household utilities, with rent, construction, and rates experiencing notable price increases of 4.5%, 3.6%, and 9.8%, respectively.

In today’s Bulletin

• Annual inflation at 4.7 percent
• Accredited Employer Work Visa (AEWV)
• Chris Alderson: How CHASNZ is keeping our builders safe
• 2024 opening dates for capped Working Holiday Schemes confirmed
• Household net worth increases 0.2 percent in the September 2023 quarter
• Three Employment Court cases and Three Employment Relations Authority cases 

If you have any questions, about this case or other employment relation matters, you can call the AdviceLine team on 0800 800 362.

Ngā mihi
Your Business Central team