XE Data Update - NZ Q3 CPI Release

Published: Wed 16 Oct 2019 11:00 AM
The NZ Consumer Price Index (CPI) for Q3 has just been released.
The CPI came in higher than expected.
NZ CPI Q3/Annual:
Headline Q3 CPI +0.7% / +1.5% Consensus 0.6% / +1.4%
Non-tradables CPI +1.1% / +3.2% versus previous quarter / year
Tradables CPI +0.1% / +0.7% versus previous quarter / year
The non-tradables group is a barometer of domestic inflation.
Housing and household utilities (especially property rates) are the primary driver for the stronger inflation figures, along with higher meat, poultry, and fish prices.
Q2 CPI remains at +0.6%/1.7%.
This CPI print is higher than the quarter-on-quarter +0.5% as forecast by the RBNZ.
The NZD is higher in immediate response.
Current indicative levels are:
NZDUSD 0.6305 / 0.6330
NZDAUD 0.9340 / 0.9365
NZDEUR 0.5715 / 0.5640
NZDGBP 0.4935 / 0.4960
NZDJPY 68.60 / 68.985

Next in Business, Science, and Tech

Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
COVID-19: NZ Joins Global Initiative Keeping Ports Open And Freight Moving
By: Maritime New Zealand
National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
New Zealand’s population passes 5 million
By: Statistics New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media