New Zealand prices accelerate

Add New Zealand to the list of countries confronting higher-than-expected infation. From Bloomberg News:

New Zealand inflation accelerated faster than economists forecast in the third quarter, adding to signs that central bank Governor Alan Bollard may have to raise interest rates earlier than he predicted last month. Consumer prices rose 1.3 percent from the second quarter, Statistics New Zealand said in Wellington today. Inflation was more than the 0.8 percent median estimate in a Bloomberg survey of 11 economists.

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