NZ annual inflation probably picked up pace to 1.1 percent in 3Q, driven by food, rates

Sun, 14 Oct 2012

By Jonathan Underhill Oct. 15 (BusinessDesk) – Inflation probably quickened in the third quarter, led by a seasonal pickup in food prices and local authority rates in what will be the final period for the consumer price index to hold at historically low annual levels. The consumer price index rose to 0.6 percent in the three months ended Sept. 30, double the second-quarter rate, according to a Reuters survey of eight economists. The annual rate rose to 1.1 percent from 1 percent. Annual inflation is at the bottom of the Reserve Bank’s 1 perc...

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