Wellington - The index of New Zealand's top 50 stocks rose 2.1 per cent Tuesday amid cautious gains in other Asia-Pacific stock markets.

The NZX 50 index looked set for an even better performance after morning trading saw it up 2.8 per cent after rising 3 per cent on Monday.

But the price of the biggest stock, Telecom New Zealand, suffered a reverse in the afternoon, and the index ended the day up 62 points to 2952.

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.

Wellington

Wellington - The Wellington International Airport terminal was evacuated and closed to flights on Monday after an escalator caught fire, news reports said.

Wellington - A freight train ploughed into and killed a 23- year-old Swiss man who was walking on railway lines in New Zealand, police said Monday.