Wellington - New Zealand's inflation rate, boosted by soaring petrol prices, hit an 18-year high of 5.1 per cent in the 12 months ending September 30, official figures revealed Tuesday.
The consumers price index rose 1.5 per cent in the September quarter, Statistics New Zealand said.
The figures came as no surprise to analysts, who said that the inflation rate was likely to have peaked with consumer prices for fuel and food already beginning to ease.
Tokyo - Japanese Prime Minister Taro Aso on Tuesday welcomed US efforts to stabilize the global financial markets and conveyed his intention to play a leading role as Group of Eight chair in the upcoming financial crisis meeting in the US, the top Japanese government spokesman said.
Wellington - New Zealand's inflation rate, boosted by soaring petrol prices, hit an 18-year high of 5.1 per cent in the 12 months ending September 30, official figures revealed Tuesday.
New York - Just days after US and European leaders agreed to an emergency economic summit on US soil, the United Nations Monday announced the creation of a task force to review the role of the World Bank and International Monetary Fund (IMF) in the worst global finance meltdown since the Great Depression of the 1930s.
Kiev - Ukrainian President Viktor Yushchenko on Monday announced a one-week delay in early elections, citing a need to give the present government to deal with a financial crisis.
