New Zealand's population continues to grow at pace.

The latest Stats NZ figures show New Zealand had a net new migration gain of 72,300 in the year to April.

Kiwibank senior economist Mary Jo Vergara doesn't think this increase will be as inflationary as economists predicted.

"Migration has implications for both the supply side and the demand side of the economy, but we think it'll add to the boosted capacity of our economy far more than it'll add to aggregate demand."

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