New Zealand CPI rose 1.8% qoq in Q1, below expectation of 2.0% qoq. For the 12-month period, CPI accelerated from 5.9% yoy to 6.9% yoy, below expectation of 7.1% yoy. That’s nonetheless still the highest annual rate since June 1990 quarter. StatsNZ said: “The main driver for the 6.9 percent annual inflation to the March […]
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