NZ Q1 CPI Release

The NZ Consumer Price Index (CPI) for Q1 has just been released.

The CPI came in Lower than expected.

NZ CPI Q1/Annual:

Headline Q1 CPI +0.1% / +1.5% Consensus 0.3% / +1.7%

Non-tradables CPI +1.1% / +0.9% versus year ago
Tradables CPI -1.3% / -0.4% versus year ago

The NZD is much lower in immediate response.

Current indicative levels are:

NZDUSD 0.6675 / 0.6715
NZDAUD 0.9340 / 0.9370
NZDEUR 0.5925 / 0.5965
NZDGBP 0.5125 / 0.5165
NZDJPY 74.90 / 75.20

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