NZD Inflation Expectations q/q
Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise;
- NZD Inflation Expectations q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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May 12, 2024 | 2.33% | 2.50% | |
Feb 12, 2024 | 2.50% | 2.76% | |
Nov 7, 2023 | 2.76% | 2.83% | |
Aug 8, 2023 | 2.83% | 2.79% | |
May 11, 2023 | 2.79% | 3.30% | |
Feb 13, 2023 | 3.30% | 3.62% | |
Nov 7, 2022 | 3.62% | 3.07% | |
Aug 7, 2022 | 3.07% | 3.29% |
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- NZD Inflation Expectations q/q News
- From rbnz.govt.nz|May 12, 2024
Expectations for one-year-ahead annual inflation decreased 49 basis points from 3.22% to 2.73%. Two-yearahead inflation expectations decreased from 2.50% to 2.33%. • The five-year-ahead inflation expectations remained at 2.25% and the ten-year-ahead increased 3 basis points from 2.16% to 2.19%. • Survey respondents expected the unemployment rate to rise to 4.90% in one year and drop to 4.79% in two years' time. • On average, survey respondents expected the Official Cash Rate (OCR) to be 5.46% by the end of the June 2024 quarter and ...
- From rbnz.govt.nz|Feb 12, 2024
This quarter, the Survey of Expectations went into the field on 25th January 2024, following the Stats NZ’s Consumers Price Index (CPI) release on 24th January 2024. Annual CPI inflation for the December 2023 quarter was measured at 4.7%, a decline from last quarter’s 5.6% annual inflation. Respondents’ expectations for CPI inflation have declined across short, medium, and long terms. The two-year-ahead, five-yearahead and ten-year-ahead annual inflation expectations decreased from last quarter’s mean estimates and remained within the 1- 3% inflation target band (see Figure 1). Short-term and medium-term CPI inflation expectations The mean one-year-ahead annual inflation expectation decreased from 3.60% to 3.22%, a decline of 38 basis points compared to the last quarter. More than half of survey respondents now expect CPI inflation to fall within the 1 to 3 percent target band by the end of 2024. The mean two-year-ahead annual inflation expectation fell by 26 basis points to 2.50% from post: New Zealand 2Yr Inflation Expectation Q1: 2.50% (prev 2.76%) - 1Yr Inflation Expectation: 3.22% (prev 3.60%) - Monetary Conditions Current: 97.37% (prev 91.89%) - Monetary Conditions Next Quarter: 84.21% (prev 72.97%) - Monetary Conditions 1Yr: 62.16% (prev 37.84%)
- From youtube.com/westpacnz|Nov 16, 2023
This week we got some welcome news that inflation is falling in areas of especial interest to households – particularly food, fuel, and airfares. That helped balance out stronger reads on still booming net migration and rents growth.
- From rbnz.govt.nz|Nov 7, 2023|3 comments
This quarter, the survey of expectations went into the field on 18th October 2023, following the Stats NZ’s Consumers price index (CPI) release on the 17th October 2023. Annual CPI inflation for the September 2023 quarter was measured at 5.6%, a decline from last quarter’s 6.0% annual inflation. Respondents’ expectations for one-yearahead and two-year-ahead annual inflation have declined. The five-year-ahead and tenyear-ahead annual inflation expectations increased from last quarter’s mean estimates and remained within the 1-3% ...
- From rbnz.govt.nz|Aug 8, 2023
The Survey of Expectations for this quarter was conducted following Stats NZ’s CPI release on 20th April 2023. The annual CPI inflation for the March 2023 quarter was measured at 6.7%, a decline from last quarter’s 7.2% annual inflation. Respondents’ expectations for one-year-ahead and two-year-ahead inflation have declined, while fiveand ten-year-ahead inflation expectations stayed within the 1-3% target inflation band (see Figure 1). One- and two-year-ahead The mean one-year-ahead inflation expectation decreased from 5.11% to ...
- From rbnz.govt.nz|May 11, 2023|1 comment
Expectations for inflation one and two years ahead decreased to 4.28% and 2.79%, respectively. • Expectations for inflation five years ahead (2.35%) remained at a similar level to last quarter (down slightly from 2.36%), but expectations for inflation ten years ahead increased slightly to 2.28%. • Survey respondents expect the OCR to increase to a mean of 5.47% by the end of the June quarter, and to decline to a mean of 4.84% in one year’s time. • Expectations for house price inflation one year ahead had a mean of -2.89%, rising 338 ...
- From rbnz.govt.nz|Feb 13, 2023
This quarter’s Survey of Expectations went to field following the Stats NZ CPI release on 25 January 2023. For the 12 months to the December 2022 quarter, the CPI inflation rate was 7.2%. According to survey respondents, longterm inflation expectations are within our target band. One year ahead The mean one year ahead inflation expectations increased slightly to 5.11%, up 3 basis points from 5.08% last quarter. This expectation is similar to the value from the 1990 survey when actual CPI was 7.60%. Two years ahead Inflation ...
- From rbnz.govt.nz|Nov 7, 2022
The October 2022 Survey of Expectations (SOE) found that business’ OCR expectations continued to rise over all time periods. The OCR was last raised by 50 basis points on 5 October 2022 to 3.50%. The next RBNZ Monetary Policy Statement will be released on 23 November 2022. One quarter ahead The mean OCR expectation for the end of the current quarter was 4.15% showing that the majority of respondents expect to see a 65 basis point rate hike from the current level of 3.50%. This is up 115 basis points from last quarter’s mean estimate ...
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Released on Nov 7, 2023 |
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Released on Aug 8, 2023 |
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Released on May 11, 2023 |
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Released on Feb 13, 2023 |
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Released on Nov 7, 2022 |
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