New Zealand consumer price inflation slows, defying forecasts

ForexNewsNow | Published on July 15, 2010 at 3:55 pm

forex analysis global forex  fx trader New Zealand CPINEW YORK (Forex News Now) – Consumer price inflation in New Zealand slowed unexpectedly in the second quarter, official data showed on Thursday, in one of the day’s spotlight FX news events.

New Zealand’s statistics bureau said its Consumer Price Index rose 0.3 percent quarter-on-quarter in the April-June, after an increase of 0.4 percent in the January-March period.

Analysts had more significant growth of 0.5 percent in March, two global forex news outlets reported.

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