WELLINGTON, April 23 (Reuters) - New Zealand's economic recovery has been delayed but not derailed, Finance Minister Nicola Willis said on Thursday, after an oil shock unleashed by the Iran conflict pushed up fuel prices, souring business and consumer sentiment.
Willis said Treasury had forecast inflation could hit 7.4% in the 2025/26 fiscal year ending June 30 under a worst-case scenario of oil prices averaging $180 a barrel, though she said it was highly unlikely oil prices would near that price range.
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Under a best-case scenario of oil prices averaging $110 a barrel, inflation could hit 3.9%, Willis told reporters.
(Reporting by Lucy Craymer in Wellington and Renju Jose in Sydney; Editing by Jacqueline Wong)
