It's a 35 percent increase since last week.

Westpac Chief Economist Kelly Eckhold has previously said overall inflation predictions will need to shift once it hits that price.

>> More Business News

Other Business News

10 Mar: Some New Zealand vehicle owners are set to receive a share of 10.9-million dollars following a settlement with manufacturer Hino

10 Mar: More private sector involvement in our health system could be a cure for some areas of strain

10 Mar: Some positive signs from international markets overnight

09 Mar: The Government's working to stay ahead of the effects of the war in Iran

09 Mar: Oil supply concerns are reverberating through the global share market - but the damage could be recoverable

09 Mar: Insolvencies have spiked – would a law change let more businesses trade their way out of trouble?

09 Mar: The Prime Minister says he doesn't want to over-emphasise better than expected numbers reported by Treasury last week

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Zac Lomax has signed a two-year deal with the Western Force, with the rugby league outcast eying next year's World Cup with the Wallabies More...

BUSINESS
Some New Zealand vehicle owners are set to receive a share of 10.9-million dollars following a settlement with manufacturer Hino More...

Today's News

International:
How the 'tough guy' of South-East Asia is reshaping Australia's largest neighbour 9:17

Environment:
The clean-up's complete after a Navy ship spilled up to 300 litres of oil in Akaroa Harbour 9:07

International:
War in the Middle East: France and allies preparing to escort ships through Strait of Hormuz 8:37

Motoring:
Both Red Bull Ampol cars will race in the two New Zealand rounds of Supercars starting in a month 8:37

Environment:
Mussel farmers are warning plans to discharge partially treated sewage into the ocean, to deal with Christchurch's Bromley stink, could wipe out aqua culture 8:17

Entertainment:
Donald Trump says Iranian football players have been 'taken care of' in their bid for asylum 8:07

Business:
Some New Zealand vehicle owners are set to receive a share of 10.9-million dollars following a settlement with manufacturer Hino 8:07

Business:
More private sector involvement in our health system could be a cure for some areas of strain 7:57

Motoring:
Tauranga's State Highway 29A has been closed near Oropi Road, while a diesel spill is cleared 7:47

Business:
Some positive signs from international markets overnight 7:37

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