The Markets

Hot inflation sends shares lower

Thursday 12th of May 2022

The S&P/NZX 50 Index fell 56 points, or 0.5%, to 11,177.36. Turnover was $141 million.

Consumer price data released in the US this morning showed prices increasing faster than most had expected.

While the headline figure fell to 8.3% – from 8.5% last month – most were predicting a number closer to 8%.

“Although still early days, the stronger data we...

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