New Zealand Q3 inflation rises to highest in over a decade By Reuters



© Reuters. FILE PHOTO: Buyers are seen at a mall in Wellington, New Zealand July 16, 2020. Image taken July 16, 2020. REUTERS/Praveen Menon

WELLINGTON (Reuters) – New Zealand’s Shopper Value Index (CPI) rose to its highest in over a decade within the third quarter, beating expectations, in response to information launched by Statistics New Zealand on Monday.

CPI rose 2.2% within the quarter ending September from 1.3% within the second quarter, the most important quarterly motion since a 2.3percentrise within the December 2010 quarter.

Annual inflation rose 4.9% in comparison with 3.3% within the earlier quarter.

Economists polled by Reuters had forecast an increase of 1.4% for the quarter, with an annual rise of 4.1%.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site shouldn’t be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not offered by exchanges however relatively by market makers, and so costs might not be correct and will differ from the precise market worth, that means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties attainable.




Please enter your comment!
Please enter your name here