Plus   Neg

New Zealand Commodity Price Inflation Accelerates In November

New Zealand commodity prices grew at a faster rate in November, data from ANZ Bank showed on Wednesday.

The world price index rose 4.3 percent month-on-month in November, following a 1.2 percent rise in October.

Commodity price inflation accelerated to 12.4 percent annually from 7.2 percent in the previous month.

In local currency terms, the commodity price index gained 3.5 percent on month in November after rising 1.5 percent. The New Zealand dollar Trade Weighted Index firmed 0.5 percent.

On an annual basis, commodity prices surged 18.8 percent following a 9.7 percent increase in prior month.

For comments and feedback contact: editorial@rttnews.com

Economic News

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.

Follow RTT