Inflation remains under control, despite external pressures

Stats NZ says the rate for the year to December remained unchanged at 2.2 percent.

That's well down from the high of 7.3 percent in 2022, but still above the 1.5 percent seen in 2021.

The Herald's Liam Dann, says recent global affairs are pushing up oil prices - and the New Zealand dollar's down.

But he says domestically, inflation's well contained.

Dann says the cost of doing things is falling or becoming neutral in New Zealand.