UPDATE: NZ 2Q inflation climbs in line with expectations

Tue, 16 Jul 2019

(Updates currency level, and adds comment from economists in 5th, 9th and 10th paragraph) By Rebecca Howard July 16 (BusinessDesk) - New Zealand’s consumers price index rose in the June quarter on higher prices for petrol, rent and ready-to-eat foods, but is unlikely to stave off pending interest rate cuts as the data was directly in line with expectations. The CPI increased 0.6 percent in the June quarter bringing the annual rate of inflation to 1.7 percent, up from 1.5 percent pace in March, Stats NZ said. The New Zealand dollar...

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