NZ consumer prices rise 0.3 percent in 3Q; annual rate outside RBNZ band, kiwi falls

Mon, 15 Oct 2012

By Paul McBeth Oct 16 (BusinessDesk) - New Zealand consumer prices rose at a slower-than-expected pace in the third quarter on falling transport, taking the annual pace of inflation below the Reserve Bank's target band. The consumer price index rose 0.3 percent in the three months ended Sept. 30, according to Statistics New Zealand, slower than the 0.5 percent forecast by the central bank. The annual pace of inflation slowed to 0.8 percent, below the 1 percent forecast by the Reserve Bank and outside its target band of between 1 percent and...

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