NZ: CPI likely rose 0.7% in the September quarter – ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ are expecting that New Zealand’s headline CPI rose 0.7% q/q in the September quarter, with annual inflation ticking back down to 1.5% from 1.7%.

Key Quotes

“Non-tradable inflation is expected to print at a solid 0.9% q/q, with tradable inflation up a more modest 0.4% q/q.”

“While we expect headline inflation to fall further from the 2% target midpoint in Q3, the RBNZ may find a glimmer of hope from the rise in domestic (non-tradable) inflation to 3% y/y that we’re expecting. That said, the RBNZ’s focus will remain on the slowing economy, which we expect will see inflation continue to fall short over the next year.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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