Inflation in New Zealand
New Zealand - Inflation
Inflation climbs to a one-year high in Q3
Consumer prices rose 0.9% in Q3 over the previous quarter according to Statistics New Zealand, accelerating from Q2’s 0.4% rise and marking a one-and-a-half year high. The reading mainly reflected higher prices for housing and household utilities as well as transport.
Inflation picked up from 1.5% in Q2 to a one-year high of 1.9% in Q3, coming in marginally below the Central Bank’s 2.0% target. The combination of higher fuel prices and a weaker New Zealand dollar have added to inflationary pressures recently, which if sustained, could reduce the scope for further loosening of policy by the RBNZ.
Met the why particular panelists expect inflation to average 2.0% in 2019, which is unchanged from last month’s forecast, and 2.0% again in 2020.
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||2.72||1.20 %||Oct 16|
|Exchange Rate||0.66||-1.69 %||Oct 16|
|Stock Market||3,922||0.11 %||Oct 16|
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October 16, 2018
Consumer prices rose 0.9% in Q3 over the previous quarter according to Statistics New Zealand, accelerating from Q2’s 0.4% rise and marking a one-and-a-half year high.
September 28, 2018
The ANZ-Roy Morgan consumer confidence indicator remained steady at August’s 117.6 in September, the lowest reading since May 2016.
September 27, 2018
At its 27 September meeting, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) unchanged at a record-low 1.75%, where it has been since November 2016.
September 26, 2018
The ANZ Bank Business Outlook indicator showed that a net 38.3% of surveyed firms were pessimistic over general business conditions in the year ahead, a smaller proportion than August’s over-decade worst reading of 50.3%.
September 20, 2018
Economic growth picked up markedly in the second quarter, according to data released by the Statistical Institute on 20 September.