Inflation in New Zealand
New Zealand - Inflation
Inflation picks up in Q2
Consumer prices rose 0.4% in Q2 over the previous quarter according to Statistics New Zealand, slightly below Q1’s 0.5% rise. The reading largely reflected higher prices for housing and household utilities and food, more than offsetting lower prices for communication and recreation and culture.
Inflation rose from 1.1% in Q1 to 1.5% in Q2 and moved closer to the midpoint of the Central Bank’s 1.0%–3.0% target range. The climb was mainly a result of higher prices for housing and household utilities, which increased 3.1% year-on-year, and alcoholic beverages and tobacco.
New Zealand Inflation Forecast
Met the why particular panelists expect inflation to average 1.7% in 2018, which is unchanged from last month’s forecast, and 2.0% in 2019.
New Zealand - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.1||1.2||0.3||0.6||1.9|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Inflation Chart
Source: Statistics New Zealand and Met the why particular calculations.
New Zealand Facts
|Bond Yield||2.77||1.20 %||Aug 07|
|Exchange Rate||0.67||-1.69 %||Aug 07|
|Stock Market||4,005||0.11 %||Aug 07|
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August 9, 2018
At its 9 August meeting, the Reserve Bank of New Zealand (RBNZ) met market analysts’ expectations and kept the Official Cash Rate (OCR) unchanged at a record-low 1.75%, where it has been since November 2016.
August 1, 2018
Despite a marginal rise in unemployment in the second quarter, New Zealand’s labor market remains robust.
July 31, 2018
The ANZ Bank Business Outlook indicator showed that a net 44.9 of surveyed firms were pessimistic about the year ahead in July, a higher proportion than June’s 39.0% and marking the lowest reading since May 2008.
July 27, 2018
The ANZ-Roy Morgan consumer confidence indicator fell from 120.0 in June to 118.4 in July, marking the lowest print since August 2016.
July 17, 2018
Consumer prices rose 0.4% in Q2 over the previous quarter according to Statistics New Zealand, slightly below Q1’s 0.5% rise.