It has reinforced expectations the central bank will raise the cash rate when it next meets in September. Read more at straitstimes.com. Read more at straitstimes.com.

Inflation is set to hit its highest level in two years, driven by the spike in fuel prices caused by the Middle East war, backing the prospect of more interest rate hikes by the…

Inflation hit a two year high as the full impact of the Middle East war made itself felt on prices.

Fuel prices were the biggest driver of inflation.

It has reinforced expectations the central bank will raise the cash rate when it next meets in September. Read more at straitstimes.com. Read more at straitstimes.com.

1 - When global oil prices spike, they hit New Zealand hard and they hit fast.