1Q CPI for New Zealand better than expected

Ross J Burland FXStreet

The NZ 1Q CPI came in a little better than expectations of 0.4% vs actual 0.5%.

For the year, the data arrived as expected at 1.1% while the last quarter arrived at 0.1% with the YoY at 1.6%.
Q1 non-tradable's +0.9% QoQ
Nontradable's YoY 2.3%

About the Consumer Price Index

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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