
The Markets
Inflation hacks share prices
Friday 11th of March 2022
The S&P/NZX 50 Index today fell 104 points, or 0.9%, to 11,821.25. Turnover was $210 million.
Inflation data for February showed prices in the United States had climbed almost 8%, coming in slightly higher than expectations.
ASB Bank economist Mike Jones said the “frightening number” was taken before the Russian invasion of Ukraine and the consequent spike in oil...
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