Thu, 19 Jan 2012 11:01:23 GMT
New Zealand's CPI fell 0.3% in Q4
New Zealand's CPI unexpectedly fell 0.3% in Q4 as compared to 0.4% in Q3, reported Statistics New Zealand. Experts predicted the CPI to add 0.4% over the period. The major reason for a decline was much lower vegetable price that caused a 2.2% fall in food prices, claimed Chris Pike, manager at Statistics NZ.