NZ inflation edges closer to RBNZ's mid-point as economy soaks up capacity

Mon, 14 Jul 2014

July 14 (BusinessDesk) - New Zealand business confidence fell from a 20-year high in the second quarter, based on the Quarterly Survey of Business Opinion, but most economists focussed on signs in the survey that inflation is accelerating. The consumer price index rose 0.4 percent in the second quarter for an annual pace of 1.8 percent, according to a Reuters survey. The government figures due for release on Wednesday would mark the fastest inflation since the third quarter of 2011, when prices reflected the 2010 hike in good and services ta...

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