Retrieved from: https://www.rbnz.govt.nz/research-and-publications/analyticalnotes/2021/an2021-08 15 William Gambler, James Graham and Anirudh Yadav (2021). Stuck at Home: Housing Demand During the COVID-19 Pandemic. Retrieved from: https://cama.crawford.anu.edu.au/publication/cama-working-paper-series/19682/stuck-home-housing-demand-during-covid-19-pandemic 12 13  11  various structural factors such as demographics and productivity that affect future real growth and the balance between savings and investment.
In particular, the wage price index 6 / 13  BIS central bankers' speeches  (WPI) has increased by just over 2 per cent over the past year, which is the slowest rate of increase since the series began in the late 1990s (Graph 5).