Consumer prices in New Zealand jumped to a 30-year high of 6.9 percent on year in the first quarter of 2022, Statistics New Zealand said on Thursday.That was actually shy of expectations for an increase of 7.1 percent and was up from 5.9 percent in the previous three months.On a seasonally adjusted quarterly basis, consumer prices climbed 1.8 percent - again beneath expectations for an increase of...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.