Tuesday, May 15, 2007

Despite the interest rate rises inflation still above target

Has inflation fallen enough to prevent another interest rate rise in June?

CPI annual inflation - the Government's target measure - was 2.8 per cent in April, down from 3.1 per cent in March. The main downward pressure came from average gas and electricity bills which fell this year but rose a year ago. There was also a large downward effect from financial services.

Posted by converted lurker @ 10:32 AM (439 views)
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