NZ consumer prices unexpectedly rise in December quarter on more expensive airfares, housing

Mon, 20 Jan 2014

By Paul McBeth Jan. 21 (BusinessDesk) - New Zealand inflation unexpectedly edged higher in the final three months of 2013, led by more expensive airfares, housing and dairy prices. The consumers price index increased 0.1 percent in the three months ended Dec. 31, slowing from a quarterly increase of 0.9 percent, according to Statistics New Zealand. That was against a forecast decline of 0.1 percent in a Reuters survey of economists and the Reserve Bank’s expectation of a 0.2 percent fall. The annual pace of inflation was 1.6 percent, its fas...

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