Home / Forex / New Zealand Inflation Jumps 7.2% On Year In Q…

New Zealand Inflation Jumps 7.2% On Year In Q…

[ad_1]

Consumer prices in New Zealand were up 7.2 percent on year in the fourth quarter of 2022, Statistics New Zealand said on Wednesday.

That was unchanged from Q3 and exceeded expectations for 7.1 percent.

Individually, prices rose 8.0 percent on year for housing, 11 percent for food and 8.4 percent for transportation.

On a seasonally adjusted quarterly basis, inflation rose 1.4 percent – slowing from 2.2 percent in the three months prior but beating forecasts for 1.3 percent.

Individually, prices rose 1.3 percent on quarter for housing, 1.8 percent for food and 3.4 percent for recreation.




[ad_2]
Source link

About 3ag4i

Check Also

U.S. Durable Goods Orders Surge In December A...

U.S. Durable Goods Orders Surge In December A…

[ad_1] A report released by the Commerce Department on Thursday showed new orders for US …

Leave a Reply

Your email address will not be published. Required fields are marked *