Rates push inflation up

Stats NZ reports:

Local authority rates and payments increased 12.2 percent in the 12 months to the March 2025 quarter (14 percent contribution to the 2.5 percent increase). Rates are captured once a year in the September quarter, as this is when ratepayers see price changes set by councils.

That level of increase is obscene.

Tradeable inflation is a very low 0.3% annually. But non-traceable is at 4.0% and too high. To be fair this is the lowest it has been since June 2021 but again still too high.