New Zealand Consumer Price Index up to 1%

Monday, 18 July 2011 10:12

New Zealand quarter on quarter CPI increased more than forecasted in the second quarter of the year.  Chances are the Central Ban of New Zealand will raise interest rates along this year. 

CPI, which measures the change in the price of goods and services purchased by consumers, grew more than expected to 1.0%.  In the first quarter, CPI ended up on 0.8%.