Inflation hope
NZPA-Reuter New York Lower inflation in some countries, including New Zealand, in the last months of last year offered a glimmer of hope for a general decline after a year of! world-wide rises, according] to the International Labour Organisation. Its bulletin of labour statistics showed that Switzerland had the lowest inflation rate (3.8 per cent) and Israel the highest (131.5 per cent). West Germany (5.2 per cent), Australia and The
Netherlands (7 . per cent ‘ each), and Japan (8.9 per ’ cent) were also under the 10 ! per cent inflation rate. Australia recorded 10.3 I per cent; Canada, 10.7 per flcent; the United States, 12.6 (jper cent; Norway, 12.9 per • cent; France, 13.6 per cent; Sweden, 15 per cent; Britain, 15.9 per cent; and New Zea- ■ land, 16.4 per cent. Iceland reported 57.6 per ! cent inflation; Mauritius, 48.7 per cent; Sri Lanka, ' 43.3 per cent; and South i Korea 30.2 per cent.
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Bibliographic details
Press, 25 February 1981, Page 6
Word Count
152Inflation hope Press, 25 February 1981, Page 6
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