New Zealand inflation slowed more than expected in the September quarter, with annual CPI easing from 4.1% to 3.7%, below market expectations of 3.8% and RBNZ’s 3.9% projection. Quarterly inflation also moderated sharply from 1.5% to 0.7%, undershooting forecasts of 0.8%. While the result indicates some relief from earlier price pressures, annual inflation remains above […]
The post NZ Inflation Slows to 3.7%, but Core Pressures and Price Breadth Strengthen appeared first on ActionForex.
Consumer prices rose 0.7% in the September quarter and 3.7% y/y. Core inflation pressures are elevated and market pricing is primed for a 25bp OCR hike next week, which we now expect. Consumers Price Index, Read more…
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