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Survey of Expectations (Business) – February 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 expectations for two years ahead decreased by 32 basis points to 3.30% from 3.62% in ... (full story)