NZD CPI q/q
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is extremely late relative to inflation data from other countries, but it's the primary gauge of consumer prices and tends to create hefty market impacts;
- NZD CPI q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 16, 2024 | 0.6% | 0.6% | 0.5% |
Jan 23, 2024 | 0.5% | 0.5% | 1.8% |
Oct 16, 2023 | 1.8% | 1.9% | 1.1% |
Jul 18, 2023 | 1.1% | 0.9% | 1.2% |
Apr 19, 2023 | 1.2% | 1.5% | 1.4% |
Jan 24, 2023 | 1.4% | 1.3% | 2.2% |
Oct 17, 2022 | 2.2% | 1.5% | 1.7% |
Jul 17, 2022 | 1.7% | 1.5% | 1.8% |
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- NZD CPI q/q News
- From westpac.co.nz|Apr 22, 2024|6 comments
Inflation in New Zealand has been dropping back as domestic demand has cooled. However, that softening is occurring more gradually than the RBNZ has been expecting. Importantly, a hard ‘sticky’ core of domestic inflation pressures means a return to 2% inflation is still a long way off. Against that backdrop, the RBNZ is set to leave the Official Cash Rate on hold over the remainder of this year. New Zealand consumer prices rose 0.6% in the first three months of the year. That saw annual inflation dropping from 4.7% at the end of last ...
- From interest.co.nz|Apr 16, 2024
New Zealand's annual inflation rate dropped to 4% in March, from 4.7% in December, albeit rents, house construction costs and council rates continued rising. The Consumers Price Index (CPI) increased just 0.6% in the March quarter, up from 0.5% in the previous period. The CPI measures changes in the prices paid by households for goods and services which provides insight into inflationary trends in NZ’s economy. Statistics NZ said on Wednesday the price increases in the March quarter were the smallest since June 2021. “However, they ...
- From forex.com|Apr 16, 2024
New Zealand inflationary pressures continued to ease in the March quarter, although domestic prices remained uncomfortably sticky, likely keeping the prospect of rate cuts from the Reserve Bank of New Zealand a distant prospect. No CPI surprises but higher than RBNZ forecasts Statistics New Zealand reported consumer price inflation increased 0.6 during the quarter, a result that was in line with expectations but higher than the 0.5% lift in Q4 2023. The rate from a year earlier slowed to 4%, the softest outcome since Q2 2021. That ...
- From stats.govt.nz|Apr 16, 2024
The consumers price index (CPI) measures the rate of price change of goods and services purchased by New Zealand households. 24 January 2024: This release incorporates corrections to the following statistics: • Quarterly weighted average prices – due to an error that began in 2019, some of these prices differ by one or two cents, with a small number of series having larger differences. The error is limited to the weighted average prices and does not impact any index. • Petrol and diesel prices – due to an error in the September 2023 ...
- From westpac.co.nz|Apr 11, 2024
We expect that New Zealand consumer prices will rise by 0.8% in the March quarter. That would see the annual inflation rate dropping to 4.2%, down from 4.7% at the end of 2023. • Inflation is likely to be stronger than the RBNZ assumed at the time of their February Monetary Policy Statement. • While inflation pressures are easing, that decline is occurring gradually, with measures of core inflation lingering at levels above the RBNZ’s target range. Notably, we’re still seeing strong price increases in parts of the domestic economy. ...
- From westpac.co.nz|Mar 12, 2024
We expect that the March quarter inflation report (due for release on 17 April) will show that consumer prices rose 0.8% in the first three months of the year. That would see the annual inflation rate dropping to 4.2%, down from 4.7% at the end of 2023 and the lowest annual inflation has been since 2021. This updated forecast is slightly higher than our previous published forecast for a 0.7% quarterly rise, reflecting updates in Stats NZ’s February Selected Prices update. Inflation is dropping back as demand cools. That’s been seen ...
- From westpac.co.nz|Jan 24, 2024
New Zealand consumer prices rose 0.5% in the December quarter, leaving prices up 4.7% over the past year. • The strong inflation headwinds that have been buffeting the New Zealand economy are moderating, but it’s a mixed picture beneath the surface. While imported price pressures are cooling, prices for many domestically produced goods and services continued to sizzle. • The decline in headline inflation will be welcome news for the RBNZ. However, with lingering strength in domestic prices and measures of core inflation, the RBNZ ...
- From interest.co.nz|Jan 23, 2024
Consumer price data for the December quarter was welcome news at a headline level with annual inflation now at 4.7%, its lowest rate since June 2021. Quarterly prices rose at the slowest pace since the inflation crisis kicked off and the number of items in the CPI basket that had falling prices was the highest in three years. But under the hood, some closely watched measures of underlying inflation pressure were stronger than the Reserve Bank of New Zealand had forecast. Non-tradable inflation was 5.9% rather than 5.7%, and ...
Released on Apr 16, 2024 |
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Released on Jan 23, 2024 |
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