Consumer prices in New Zealand were up 0.3 percent on year in the second quarter of 2015, Statistics New Zealand said on Thursday.
That was in line with expectations and up from the 0.1 percent increase in the three months prior.
Cigarettes and tobacco (up 14 percent on year), newly built houses excluding land (up 5.3 percent), and rentals for housing (up 2.3 percent) all increased.
On a quarterly basis, consumer prices added 0.4 percent versus expectations for a gain of 0.5 percent following the 0.3 percent contraction in the first quarter.
Petrol prices rose 8.8 percent on quarter, making the largest upward contribution.
Prices for vegetables (up 4.8 percent), newly built houses excluding land (up 1.5 percent), and rentals for housing (up 0.6 percent) also rose.
The material has been provided by InstaForex Company – www.instaforex.com