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

 

XE 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 +0.7% / +1.5% Consensus 0.6% / +1.4%

Non-tradables CPI +1.1% / +3.2% versus previous quarter / year
Tradables CPI +0.1% / +0.7% versus previous quarter / year

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

Housing and household utilities (especially property rates) are the primary driver for the stronger inflation figures, along with higher meat, poultry, and fish prices.

Q2 CPI remains at +0.6%/1.7%.

This CPI print is higher than the quarter-on-quarter +0.5% as forecast by the RBNZ.

The NZD is higher in immediate response.

Current indicative levels are:

NZDUSD 0.6305 / 0.6330
NZDAUD 0.9340 / 0.9365
NZDEUR 0.5715 / 0.5640
NZDGBP 0.4935 / 0.4960
NZDJPY 68.60 / 68.985

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Consumer NZ Testing: Nine Sunscreen Brands Fail Protection Tests

Nine different brands fell short in the latest round of testing by Consumer NZ, which covered 20 products. More>>

ALSO:

Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>

ALSO:

Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>

ALSO: