NZ consumer prices rise at fastest quarterly pace in 2 years, annual inflation back within RBNZ target

Tue, 15 Oct 2013

By Paul McBeth Oct. 16 (BusinessDesk) - New Zealand inflation rose at its fastest quarterly pace in two years as petrol prices increased and out-of-season vegetables were more expensive, lifting the annual pace back within the Reserve Bank’s target band for the first time in a year. The consumers price index increased 0.9 percent in the three months ended Sept. 30, its fastest pace since June 2011, and accelerating from a 0.2 percent increase in June, according to Statistics New Zealand. That was in line with expectations in a Reuters surve...

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