Economics
N.Z. Inflation Accelerates, Boosting Case for Rate Rises
This article is for subscribers only.
New Zealand’s annual inflation rate accelerated in the fourth quarter, spurring bets the Reserve Bank will raise interest rates as early as this month.
Consumer prices rose 1.6 percent from the year-earlier quarter, the fastest annual pace since early 2012, Statistics New Zealand said in Wellington today. Prices gained 0.1 percent from the third quarter. Economists expected annual inflation of