Prices rebound as New Zealand unlocks from COVID-19 restrictions
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E-mail Xinhua, October 23, 2020
WELLINGTON, Oct. 23 (Xinhua) -- Higher prices for vegetables and rates and a rebound in the cost of public transport led to a 0.7 percent rise in New Zealand's consumers price index (CPI) in the September 2020 quarter, taking annual inflation to 1.4 percent, the statistics department Stats NZ said on Friday.
The rise this quarter more than reversed a 0.5 percent drop in inflation during the June 2020 quarter, when petrol prices fell sharply as the COVID-19 pandemic hit, according to Stats NZ.
By early June, New Zealand was back to COVID alert level 1, but in mid-August the Auckland region moved back to alert level 3. The rest of New Zealand moved to COVID alert level 2 at this time, said a Stats NZ statement.
COVID-19 uncertainty was a factor in the 18 percent rise in vegetable prices over the September quarter, it said. Enditem
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