Prices rose 0.8 per cent in the three months to the end of March.
The quarterly inflation figure reported by Stats NZ was up from 0.5 per cent in the December quarter and in line with banks’ expectations, but shy of the Reserve Bank’s 1 per cent forecast.
It leaves annual inflation marginally higher at 1.5 per cent, versus 1.4 per cent for the year to the end of December.
That small change appears unlikely to settle growing debate over whether rising prices could knock the Reserve Bank and other central banks around the world off course later this year in their general intent to keep interest rates âlower for longerâ.
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