CPI (QoQ) (New Zealand)
Inflation Picked Up in Q2
Starts Tuesday, October 15, 2019 at 21:45
Updated Monday, October 14, 2019
Consumer price index CPI inflation has picked up nicely in the last year in New Zealand. It increased by 0.5% in Q1 last year, but growth slowed at one point to 0.4% in Q2 but inflation jumped higher to 0.9% in Q3, as October's report showed, beating expectations of 0.7% which were already pretty high. Although, in Q4 inflation slowed down considerably, only growing by 0.1%. In Q1 of this year, inflation was expected to improve and increase by 0.3%, but it remained unchanged at 0.1% again. In Q2, inflation picked up by 0.6% as expected. This report is for Q3 of 2019, so let's see if inflation will remain on these levels. Please follow us for live coverage of this event by experienced market analysts.
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About CPI (QoQ) (New Zealand)
A key measurement of inflation, the Consumer Price Index (CPI) influences public sentiment and monetary policy of the Reserve Bank of New Zealand (RBNZ) toward the Kiwi. It measures the pricing changes of a fixed basket of goods and services over time.Derived by Statistics New Zealand, the CPI (QoQ) is released four times per year. Strong CPI values are typically viewed as bullish for the NZD, while lagging values are negative. In instances where the CPI is strong, the RBNZ is more likely to tighten monetary policy to control inflationary concerns facing the NZD.