UNCLASSIFIED 
 
29 
September 
2025 
       ref: 
OIA2526_54 
Phillip Hart 
By email: [FYI request #32058 email] 
 
Dear Phillip 
Information about increases to the Minimum Wage 
Thank you for your request of 19 August 2025 under the Official Information Act 1982 (OIA), 
transferred from The Treasury to the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) on 
03 September 2025, for: 
 
[…] what impact did the increases to the minimum wage have on inflation 
(CPI) for the period 2018 to 2023? 
 
Response 
The RBNZ has identified some documents within the scope of your request. These documents are 
provided to you in full. 
We hope you found this helpful. We encourage you to raise any concerns you have with this 
response with RBNZ directly.  
Alternatively, you have the right to seek an investigation and review of this response from the 
Office of the Ombudsman. Further information about how to make a complaint is publicly 
available, at www.ombudsman.parliament.nz or freephone 0800 802 602.  
 
Yours sincerely 
 
 
Government Relations 
Reserve Bank of New Zealand – Te Pūtea Matua
 
Ref #23102540 v1.1 
UNCLASSIFIED 

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