NZ Q2 CPI Release

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

The CPI data came in as expected.

NZ CPI Q2/Annual:

Headline Q2 CPI +0.6% / +1.7% Consensus 0.6% / +1.7%

Non-tradables CPI +0.3% / +2.8% versus previous quarter
Tradables CPI +0.4% / -1.3% versus previous quarter

The NZD is little changed in immediate response.

Current indicative levels are:

NZDUSD 0.6710 / 0.6730
NZDAUD 0.9530 / 0.9560
NZDEUR 0.5960 / 0.5980
NZDGBP 0.5360 / 0.5385
NZDJPY 72.40 / 72.60

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