Daily Market Updates: New Zealand Q2 CPI tops forecasts, lifting inflation to 4.1% y/y

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New Zealand Q2 CPI tops forecasts, lifting inflation to 4.1% y/y

The report showed stronger quarter-on-quarter prices at 1.5%, above expectations, including non-tradeables rising 3.4% y/y.

Reported · Written up by our desk · Central Banks

New Zealand’s Q2 inflation came in above expectations, with CPI rising 4.1% year over year versus the 4.0% forecast, according to Forexlive. The prior reading was 3.1%.

On a quarterly basis, CPI increased 1.5% quarter over quarter, ahead of the 1.4% estimate, after 0.9% previously.

The breakdown showed non-tradeables up 3.4% year over year and 0.6% quarter over quarter, while tradeables were up 2.7% quarter over quarter, the outlet said.

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Sources

ForexliveNew Zealand Q2 CPI 4.1% y/y (expected 4.0%) and 1.5% q/q (expected 1.4%)

Forex

New Zealand Q2 CPI tops forecasts, lifting inflation to 4.1% y/y

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Sources

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