HiFX Data Update - NZ Q3 CPI Release

Tuesday, 16 October 2018, 11:15 am
Press Release: HiFX

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 +0.9% / +1.9% Consensus 0.7% / +1.7%

Non-tradables CPI +0.8% / +2.6% versus previous quarter
Tradables CPI +0.9% versus previous quarter

The non-tradables group is a barometer of domestic inflation.

Petrol prices are the primary culprit for the higher inflation figures. They have increased 19% in the past 12 months, driven by a weaker NZD$, higher oil prices, plus the Auckland regional fuel tax.

The NZD is sharply higher in immediate response.

Current indicative levels are:

NZDUSD 0.6580 / 0.6605
NZDAUD 0.9220 / 0.9245
NZDEUR 0.5675/ 0.5700
NZDGBP 0.4995 / 0.5020
NZDJPY 73.55 / 73.80

ends

© Scoop Media

HiFX

International Payments Expertly Done

HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.

Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.

HiFX Ltd ABN 54 106 779 953/ AFSL No 240914

Contact HiFX

• Website - www.hifx.co.nz
• About - HiFX International Payments
• Link - Live Rates (Interbank Exchange Rates)
• Marketwatch - Latest Market briefings
• Register - Personal Account Setup
• Register - Business Account Setup
• Linkedin
• Facebook