UPDATE: NZ annual inflation slows to 1.1% as cheaper education offsets higher tobacco prices

Thu, 19 Apr 2018

(Recasts lede, adds economists comment from paragraph four) By Rebecca Howard April 19 (BusinessDesk) - New Zealand's annual inflation fell near to the bottom of the Reserve Bank's target band in the first quarter but is unlikely to concern the central bank, given it was largely due to cheaper tertiary education costs. The consumers price index rose at an annual pace of 1.1 percent in the three months ended March 31, slowing from a pace of 1.6 percent in the December quarter, Statistics New Zealand figures showed. CPI rose 0.5 percen...

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