Tag: NZD CPI

New Zealand June quarter CPI expected to disappoint

New Zealand June quarter CPI expected to disappoint

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The consumer price index data for the period ending June for New Zealand is expected to released this week. The economists polled are forecasting a 0.2% increase on a quarterly basis. This would signal a sharp slowdown in inflation from the 1% gain in prices registered in the March quarter. The gains in March were led by a spike in food and fuel prices. The RBNZ's forecast for inflation stands at 0.3% for the June quarter, slightly above the consensus estimates. It is no secret that New Zealand's consumer price index is often influenced by temporary factors. On a year over year basis, New Zealand's consumer prices are expected to rise 1.9%, slowing from 2.2% year over year increased in March 2017. Weaker CPI expected due to lower food prices Food prices, which played an importan...