Dow Jones Newswires: New Zealand’s inflation rate hits 32-year high in Q2

by | Jul 17, 2022 | Stock Market

WELLINGTON, New Zealand — New Zealand’s consumer prices climbed 7.3% in the second quarter from the year before, maintaining pressure on the central bank to continue its rapid interest rate increases. The statistics agency on Monday said the inflation rate was at a 32-year high. The single largest contributor to inflation was rising prices for construction and home rentals, it said. The…

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