New Zealand Q2 CPI rises 0.5% on quarter
The consumer price index (CPI) rose 0.5 per cent in the second quarter from the prior quarter and was up an annual 2.7 per cent, Statistics New Zealand said.
Economists polled by Reuters had expected consumer prices to have risen 0.6 per cent quarter-on-quarter and 2.8 per cent year-on-year.
The Reserve Bank of New Zealand targets annual inflation in the range of 1 per cent to 3 per cent over the medium term. REUTERS

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Straits Times
44 minutes ago
- Straits Times
EU's von der Leyen: 15% the 'best we could get'
Find out what's new on ST website and app. European Commission President Ursula von der Leyen sits with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. REUTERS/Evelyn Hockstein PRESTWICK, Scotland - European Commission President Ursula von der Leyen defended the trade deal clinched with United States on Sunday as "the best we could get" and not to be underestimated given the looming threat of 30% tariffs that had been hanging over the EU. A baseline tariff rate of 15% on EU goods imported into the United States would apply to most goods including cars, semiconductors and pharmaceutical goods, von der Leyen said. Meanwhile, a zero-for-zero tariff rate had been agreed for certain strategic products, including aircraft and aircraft parts, certain chemicals, and certain generic drugs. No decision had been taken on a rate for wine and spirits, she added. Asked if she considered 15% a good deal for European carmakers, von der Leyen told reporters: "15% is not to be underestimated, but it is the best we could get." The European Union committed to purchasing $750 billion worth U.S. LNG and nuclear fuel over three years. "We still have too much Russian LNG that is coming through the back door," she said. The European Commission has proposed phasing out all Russian gas imports by Jan 1, 2028. "Today's deal creates certainty in uncertain times, delivers stability and predictability," von der Leyen told reporters before leaving Scotland. REUTERS Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021

Straits Times
2 hours ago
- Straits Times
UK's Starmer to convene cabinet meeting, most likely to discuss Gaza
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Straits Times
8 hours ago
- Straits Times
Trump, EU's von der Leyen to meet on Sunday to clinch trade deal
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