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Financial News: New Zealand Inflation Gains 0.4% In Q2

New Zealand Inflation Gains 0.4% In Q2

07/16/2018 - 19:15:00 (RTTNews)

(RTTNews) - Consumer prices in New Zealand were up 0.4 percent on quarter in the second quarter of 2018, Statistics New Zealand said on Tuesday.

That was beneath expectations for 0.5 percent, which would have been unchanged from the previous three months.

On a yearly basis, consumer prices climbed 1.5 percent - again shy of forecasts for 1.6 percent but up from 1.1 percent in the three months prior.

The largest contributor to inflation was higher prices for housing and household utilities, up 0.9 percent on quarter and 3.1 percent on year.

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