Sharechat Logo

NZ CPI lower in 4Q

Lucy Craymer, Dow Jones Newswires

Thursday 19th January 2012

Text too small?

New Zealand's consumer price index fell in the fourth quarter from the previous three-month period for the first time in two years, data released Thursday showed, adding to the likelihood that the Reserve Bank of New Zealand will hold its benchmark interest rate at its current low level for some time yet.

Statistics New Zealand said Thursday the consumer price index fell 0.3% on the quarter in the three months ended Dec. 31, following the third quarter's 0.4% rise. On the year, the index rose 1.8%.

The market had been expecting a rise of 0.3% on the quarter and 2.6% on the year, according to a Dow Jones Newswires poll of 14 economists.

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report