New Zealand Q2 CPI rises 0.5% on quarter
The consumer price index (CPI) rose 0.5 per cent in the second quarter from the prior quarter and was up an annual 2.7 per cent, Statistics New Zealand said.
Economists polled by Reuters had expected consumer prices to have risen 0.6 per cent quarter-on-quarter and 2.8 per cent year-on-year.
The Reserve Bank of New Zealand targets annual inflation in the range of 1 per cent to 3 per cent over the medium term. REUTERS
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