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The NZ Consumer Price Index (CPI) for Q2 2017 has just been released.

The CPI came in Lower than expected.

NZ CPI Q2/Annual:

Headline Q2 CPI QTR/YR 0.0% / +1.7% Consensus 0.2% / +1.95%

Non-tradables CPI QTR / YR +0.2% / +2.4% versus previous quarter
Tradables CPI QTR/YR -0.2% / +0.9% versus previous quarter

The NZD is Lower in immediate response.

Current indicative levels are:

NZDUSD 0.7265 / 0.7285
NZDAUD 0.9310 / 0.9340
NZDEUR 0.6325 / 0.6345
NZDGBP 0.5545 / 0.5585
NZDJPY 81.50 / 82.00


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