NZ consumer prices rise 0.3% in September quarter on dearer veges, higher rates

Thu, 15 Oct 2015

By Paul McBeth Oct. 16 (BusinessDesk) - New Zealand consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fees and kept the annual pace of inflation unchanged below the central bank's target. The consumers price index increased 0.3 percent in the three months ended Sept. 30, meeting the Reserve Bank's forecast last month, and slowing from a pace of 0.4 percent in the June quarter, Statistics New Zealand said. The annual pace of inflation was unch...

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