Automated High Impact News Updates: Higher inflation in March quarter

4/20/2020 04:51:00 AM


The consumers price index (CPI) rose 0.8 percent in the March 2020 quarter influenced by rising prices for cigarettes, and rentals for housing, Stats NZ said today. The annual inflation rate was 2.5 percent, the highest since the September 2011 quarter when it was 4.6 percent. This was driven by domestic inflation, which remains above 3 percent. “Measures to slow COVID-19 by closing non-essential businesses and telling people to stay at home from midnight 25 March, didn’t impact so much on the normal collection of prices this quarter,” consumer prices senior manager Paul Pascoe said. Only the last week of March ... (full story)

Post Comments

FXVOLATILE ANALYSIS

© 2020 Trading Media. FX Volatile is a brand name of Trading Media Ltd.

This website or its third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. By tapping on "I accept" you agree to the use of cookies.