Consumer prices in New Zealand climbed 2.2 percent on year in the first quarter of 2017, Statistics New Zealand said on Thursday.
That topped forecasts for a gain of 2.0 percent following the 1.3 percent increase in the previous three months.
Housing and household utilities increased 3.3 percent on year.
On a seasonally adjusted quarterly basis, consumer prices were up 1.0 percent - again exceeding forecasts for 0.8 percent and up from 0.4 percent in the three months prior.
Food prices rose 2.2 percent, influenced by higher prices for fruit (up 16 percent).
by RTT Staff Writer
For comments and feedback: email@example.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.