Open Demo Account
Home / Market Update / New Zealand Inflation Data Hits 30 -Year High
CPI

New Zealand Inflation Data Hits 30 -Year High

Mohamed Abdelhamid 27 January, 2022 3:34 am Market Update

Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.

New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration from 4.9% in the July-September quarter, the statistics agency said early Thursday.

Tags

Check Also

US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins

As financial markets gear up for the central bank’s pivotal meeting next week, the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends