New Zealand’s CPI slows to 3.3% in Q2, vs exp 3.5%

New Zealand’s CPI for Q2 rose by 0.4% qoq, down from previous quarter’s 0.6% qoq and missing the expected 0.5% qoq. Tradeable inflation, which includes goods and services that are subject to international competition, fell by -0.5% qoq, an improvement from previous -0.7% qoq. Conversely, non-tradeable inflation, covering domestic goods and services, rose by 0.9% […]

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