Inflation measures the pricing levels in goods and services. New Zealand inflation rate is measured year-by-year by Statistics New Zealand. Inflation happens when prices rise, whereas purchasing value falls, put simpler, when too much money is chasing too few products.
New Zealand’s Inflation Rate
| New Zealand’s Inflation Rate dropped on a yearly basis for Q2 of 2017, compared to previous period’s value. Results were reported at 1.7%, sliding down from previous period’s value of 2.2% and missing on expectations of 1.9%. Inflation Rate in New Zealandpeaked at an all-time high point of44% in the third quarter of 1918and hit rock-bottom at-15.30% in the first quarter of 1923. |
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