New Zealand inflation data for Q2: CPI 0.0% q/q (expected +0.2%)

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New Zealand CPI for the April to June quarter

Flat at no change for the quarter, 0.0 % q/q …. well under expectations

  • expected +0.2% q/q, prior 1.0% 

1.7% % y/y

  • expected 1.9% y/y, prior 2.2%

More:

  • Tradable prices increased 0.9% y/y
  • Non-tradables increased 2.4 % y/y

more to come

NZD has been marked down sharply …. chart posted 15 minutes later …. I got hijacked by the China headlines sry … 1 minute candles:

The CPI measures the rate of price change of goods and services purchased by New Zealand households. Stats NZ visits 2,800 shops around New Zealand to collect prices for the CPI and check product sizes and features.



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