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New Zealand Q3 CPI 0.6% q/q (anticipated 0.7%) & 2.2% y/y (anticipated 2.2%)

New Zealand Q3 CPI 0.6% q/q (anticipated 0.7%) & 2.2% y/y (anticipated 2.2%)


New Zealand inflation knowledge

Earlier than the info, did y’all see the little soar increased for NZD/USD simply prior (a couple of minute) to the info launch? Generally FX is a grimy sport 😉

Information:

  • non-tradable costs +1.3% q/q and +4.9% y/y

That y/y end result exhibits for the primary time since March 2021, annual inflation is inside the Reserve Financial institution of New Zealand’s goal band of 1 to three p.c.

Regardless of nonetheless substantial non-tradeable inflation it seems this knowledge will maintain the RBNZ chopping cycle on observe.



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