New Zealand's annual inflation rate eased to 0.1 percent in the 12 months to March, the lowest in 15 years, official data showed on Monday.
The cost of living actually fell for the second consecutive quarter, off 0.3 percent in the January-March period largely due to declining petrol prices, Statistics New Zealand said.
"The fall in the March quarter CPI (inflation), which last happened in 2001, was caused by an 11 percent fall in petrol prices," SNZ prices manager Chris Pike said.
"Without petrol, the CPI rose 0.3 percent."
Pike said the 0.1 percent annual figure was the lowest rise in inflation since the September 1999 quarter.
The data is likely to see the Reserve Bank of New Zealand leave interest rates unchanged on 3.5 percent at its monetary policy meeting next week.
The central bank, which has an inflation target of 1.0-3.0 percent, has kept rates on hold since July last year.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor