New Zealand Inflation Slows To 2.2% Annually
(RTTNews) - Consumer prices in New Zealand were up 2.2 percent on year in the third quarter of 2024, Statistics New Zealand said on Wednesday in line with expectations and down from 3.3 percent in the previous three months.
Higher prices were recorded for housing rentals, up 4.5 percent; local authority rates and payments, up 12.2 percent; and cigarettes and tobacco, up 10.0 percent.
These were partly offset by lower prices for petrol, down 8.0 percent; and vegetables, down 17.9 percent/
On a seasonally adjusted quarterly basis, inflation rose 0.6 percent - shy of expectations for 0.7 percent and up from 0.4 percent in the three months prior.
read more
New Zealand Building Permits Rebound In November
The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.
RTTNews
|
4日前
New Zealand Has NZ$437 Million Trade Shortfall In November
New Zealand posted a merchandise trade deficit of NZ$437 million in November, Statistics New Zealand said on Friday.
RTTNews
|
28日前
New Zealand GDP Falls 1.0% In Q3
New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
RTTNews
|
29日前
New Zealand Has NZ$6.2 Billion Current Account Deficit In Q3
New Zealand posted a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews
|
30日前
New Zealand Terms Of Trade Climbs 2.4% In Q3
The terms of trade in New Zealand rose a seasonally adjusted 2.4 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Tuesday.
RTTNews
|
45日前
New Zealand Building Permits Sink 5.2% In October
The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday - coming in at 2,850.
RTTNews
|
46日前
New Zealand Slashes Key Interest Rate By 50 Bps
The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential. The Monetary Policy Committee governed by Adrian Orr decided to reduce the Official Cash Rate to 4.25 percent from 4.75 percent.
RTTNews
|
50日前
New Zealand Retail Sales Dip 0.1% On Quarter In Q3
The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion.
RTTNews
|
53日前
