Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


HiFX Data Update - NZ Q3 CPI Release

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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>


GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>


Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>


Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>