New Zealand CPI surges to 5.9% yoy, NZD/USD dives on risk aversion

<p>New Zealand CPI rose 1.4% qoq in Q4, above expectation of 1.2% yoy. Annual rate accelerated from 4.9% yoy to 5.9% yoy, above expectation of 5.6% yoy. That&#8217;s the highest level in three decades since 1990. &#8220;New Zealand is not alone, with many other OECD countries experiencing higher inflation than in recent decades,&#8221; consumers prices [&#8230;]</p>
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