WELLINGTON, Oct 22 (Reuters) – New Zealand’s annual inflation slowed in the third quarter, coming in at 3.7% – below analysts’ forecasts – but remained above the top end of the central bank’s target range, official data showed on Thursday.
The consumer price index (CPI) rose 0.7% in the third quarter from the second, Statistics New Zealand said.
Economists polled by Reuters had expected a 3.8% annual increase and 0.8% quarterly rise.
The Reserve Bank of New Zealand (RBNZ) targets annual inflation between 1% and 3% over the medium term.
(Reporting by Lucy Craymer in Wellington)
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