NZ inflation probably back in RBNZ band at 1.2% after 2-year undershoot

Thu, 19 Jan 2017

By Rebecca Howard Jan. 20 (BusinessDesk) - Higher fuel prices probably pushed New Zealand’s annual inflation back above 1 percent for the first time in more than two years in the December quarter. Economists expect inflation was 0.2 percent in the final three months of 2016 for an annual rise of 1.2 percent, according to the median in a BusinessDesk poll. The central bank is tipping annual inflation to be 1.1 percent in the fourth quarter. The consumer price index rose 0.3 percent in the third quarter of last year bringing the annual rat...

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