Inflation in New Zealand
New Zealand - Inflation (end of period)
Inflation falls further below Central Bank target
Consumer prices rose 0.1% in Q1 2019 over the previous quarter, matching Q4 2018’s uptick, according to Statistics New Zealand. The print showed that a rebound in prices for food, and alcoholic beverages and tobacco was partially offset by lower prices for transport, telecommunications, and recreation and culture.
Inflation slowed to 1.5% in Q1, after Q4’s 1.9% increase, thus falling further below the Central Bank’s 2.0% target. In contrast, average annual inflation edged up to 1.7% in the first quarter (Q4: 1.6% year-on-year).
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.6||0.8||0.1||1.3||1.6|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Inflation (eop) Chart
Source: Statistics New Zealand and Met the why particular calculations.
New Zealand Facts
|Bond Yield||2.04||1.20 %||Apr 12|
|Exchange Rate||0.68||-1.69 %||Apr 12|
|Stock Market||4,281||0.11 %||Apr 12|
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April 17, 2019
Consumer prices rose 0.1% in Q1 2019 over the previous quarter, matching Q4 2018’s uptick, according to Statistics New Zealand.
March 29, 2019
The ANZ-Roy Morgan consumer confidence indicator ticked up to 121.8 in March, from February’s 120.8.
March 28, 2019
The ANZ bank business outlook indicator started the year on weaker footing after recording a second consecutive drop in March, which pushed the index further down into pessimistic territory.
March 27, 2019
At its second meeting of the year, on 27 March, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) unchanged at a record low of 1.75%, where it has been since November 2016.
March 19, 2019
According to data released by the Statistical Institute, the economy grew 0.6% in quarter-on-quarter seasonally-adjusted terms in the fourth quarter of last year, up from Q3’s 0.3% outturn and in line with analysts’ expectations.