New Zealand inflation rate at 30-month high

WELLINGTON — New Zealand’s inflation rate hit a two-and-a-half-year high in the 12 months to March on the back of rising fuel, alcohol and tobacco prices, official data released Monday showed. Statistics New Zealand said consumer prices increased 0.8 percent in the January-March quarter, taking the annual inflation rate to 4.5 percent, the highest since September 2008. ... read more >>