The NZ Consumer Price Index (CPI) for Q2 has just been released.
The CPI data came in as expected.
NZ CPI Q2/Annual:
Headline Q2 CPI +0.6% / +1.7% Consensus 0.6% / +1.7%
Non-tradables CPI +0.3% / +2.8% versus previous quarter
Tradables CPI +0.4% / -1.3% versus previous quarter
The NZD is little changed in immediate response.
Current indicative levels are:
NZDUSD 0.6710 / 0.6730
NZDAUD 0.9530 / 0.9560
NZDEUR 0.5960 / 0.5980
NZDGBP 0.5360 / 0.5385
NZDJPY 72.40 / 72.60
ends