Prices Fell in June Quarter Amid COVID-19 Uncertainty

  • Jul 16, 2020 NZST
  • Team Kalkine
Prices Fell in June Quarter Amid COVID-19 Uncertainty

As per Stats NZ, the Consumers Price Index (CPI) fell 0.5 per cent in the June 2020 quarter due to cheaper petrol, hotel and motel prices during the global pandemic. It was first such fall in quarterly inflation since December 2015 when there was a 0.5 per cent drop in inflation.

Prices Senior manager Aaron Beck said that the pandemic created a lot of volatility and uncertainty, which resulted in significant price fluctuations and various measurement challenges.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK