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


NZ Q3 CPI Release

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 +0.5% / +1.9% Consensus 0.4% / +1.8%

Non-tradables CPI +0.7% / +2.6% versus previous quarter
Tradables CPI +0.2% / +1.0% versus previous quarter

CPI 10% Trimmed Mean came in at +0.5% for Q3 and +2.0% for the last 12 months.

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

There were no revisions to prior period numbers.

Higher petrol prices and tax rises on tobacco helped lift inflation. House-related prices also contributed to the higher inflation rate.

The NZD is jumped higher in immediate response.

Current indicative levels are:

NZDUSD 0.7175 / 0.7200
NZDAUD 0.9140 / 0.9165
NZDEUR 0.6080 / 0.6105
NZDGBP 0.5410 / 0.5435
NZDJPY 80.50 / 80.75


© Scoop Media

Business Headlines | Sci-Tech Headlines


Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>

REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>

Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>

ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>