NZ inflation slows to 0.2% pace in third quarter, beating estimates, as transport prices fall

Mon, 17 Oct 2016

By Jonathan Underhill Oct. 18 (BusinessDesk) - New Zealand inflation slowed in the third quarter as a drop in transport-related prices such as vehicle relicensing fees offset higher vegetable and housing-related prices. The consumers price index rose 0.2 percent in the three months ended Sept. 30 for an annual increase which was also 0.2 percent, Statistics New Zealand said. Economists had expected no change in the quarter for an annual 0.1 percent gain, while the Reserve Bank had forecast 0.1 percent and 0.2 percent respectively. The...

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