New Zealand's annual inflation growth falls slightly to 7.2 pct

STORY: New Zealand's annual inflation growth falls slightly to 7.2 pct DATELINE: Oct. 18, 2022 LENGTH: 00:01:56 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of a port in New Zealand 2. various of customers outside a Costco store 3. various of products in the supermarket 4. shot of a PAK'nSAVE (a New Zealand discount food warehouse chain) store 5. various of a gas station STORYLINE: The annual growth of New Zealand's consumer price index fell slightly to 7.2 percent in the September 2022 quarter, the statistics department Stats NZ said on Tuesday. The 7.2 percent increase follows an annual increase of 7.3 percent in the June 2022 quarter which was a 32-year-high, and an annual increase of 6.9 percent in the March 2022 quarter. The main driver for the 7.2 percent annual inflation in the September 2022 quarter was housing and household utilities due to rising prices for construction, rentals for housing, and local authority rates, Stats NZ said. Prices for the construction of a new house inc