CPI (QoQ) (New Zealand)
Inflation Has Weakened Dramatically in the Last 2 Quarters
Starts Monday, July 15, 2019 at 22:45
Updated Sunday, July 7, 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. This report is for Q2 of 2019, so let's see if inflation will keep the weak pace of growth as in Q1. 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.