New Zealand’s CPI rose 0.5% qoq in Q2, slightly below expectations for 0.6% qoq. Annual inflation ticked up to 2.7% yoy from 2.5% yoy but still undershot 2.8% yoy forecast. Headline inflation remained comfortably within the RBNZ’s target range of 1-3%. Tradeables inflation climbed sharply to 1.2% yoy from 0.3% yoy. Non-tradeables eased to 3.7% […]
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