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.
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.
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.
Economics Nobel Laureate Joseph Stiglitz is to head the group, the Interactive Panel on the Global Financial Crisis, which was to hold its first meeting October 30 at UN headquarters in New York, said Miguel d'Escoto, the president of the UN General Assembly.
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.
The nationwide vote for a new parliament will take place on December 14, rather than on December 7 as ordered earlier this month, Yushchenko said in a meeting with reporters.
Geneva - The global financial crisis could cost some 20 million jobs worldwide, the International Labour Organisation (ILO) warned Monday.
ILO Director-General Juan Somavia issued the warning in Geneva, coupled with the advice that "we need prompt and coordinated government actions to avert a social crisis that could be severe, long-lasting and global."
By current calculations, worldwide unemployment could rise from 190 million last year to a level of 210 million by the end of 2009.
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.
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.
Geneva - The global financial crisis could cost some 20 million jobs worldwide, the International Labour Organisation (ILO) warned Monday.
