Annual inflation falls to its lowest level in 1½ years
New Zealand continues to import deflation.
Jenny Ruth Thu, 19 Apr 2018
Inflation in the March quarter fell to its lowest annual pace since September 2016, more or less matching expectations, and reinforcing the Reserve Bank’s message that interest rates are likely to remain low well into the middle of next year.
The annual rate fell to 1.1% at the end of March and
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