{"id":49418,"date":"2022-10-18T10:51:40","date_gmt":"2022-10-18T01:51:40","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2022\/oct\/18\/new-zealand-inflation-near-record-high-as-wisdom-of-interest-rate-rises-questioned"},"modified":"2022-10-18T10:51:40","modified_gmt":"2022-10-18T01:51:40","slug":"new-zealand-inflation-near-record-high-as-wisdom-of-interest-rate-rises-questioned","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=49418","title":{"rendered":"New Zealand inflation near record high as wisdom of interest rate rises questioned"},"content":{"rendered":"<p>Latest figures defy widespread predictions inflation would fall, as the central banks readies an \u2018outsized\u2019 rate hike<\/p>\n<p>New Zealand\u2019s latest inflation data defied widespread predictions it would fall on Tuesday, as it barely budged from a 30-year high, prompting alarm among economists and raising fresh questions over the effectiveness of interest rate hikes.<\/p>\n<p>Prices rose 2.2% in the last quarter, bringing <a href=\"https:\/\/www.stats.govt.nz\/information-releases\/consumers-price-index-september-2022-quarter\/\">annual inflation to 7.2%<\/a> \u2013 just under the 7.3% recorded at the end of June.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2022\/oct\/18\/new-zealand-inflation-near-record-high-as-wisdom-of-interest-rate-rises-questioned\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest figures defy widespread predictions inflation would fall, as the central banks readies an \u2018outsized\u2019 rate hikeNew Zealand\u2019s latest inflation data defied widespread predictions it would fall on Tuesday, as it barely budged from a 30-year high, pr&#8230;<\/p>\n","protected":false},"author":2286,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,2515,2383,56,42],"tags":[],"class_list":["post-49418","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-inflation","category-interest-rates","category-new-zealand","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2286"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49418"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49418\/revisions"}],"predecessor-version":[{"id":49419,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49418\/revisions\/49419"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}