Michael Gordon, Senior Economist at Westpac, expects a 0.5% rise in the New Zealand’s Consumer Price Index (CPI) for the March quarter, which would see annual inflation drop to 1.1%, its lowest since September 2016.
“We estimate that the new Government’s policy of a year’s free tertiary education will knock 0.2% off the CPI.”
“The dip in annual inflation is partly a timing issue that is likely to be short-lived.”
“However, we expect inflation to remain on the lower side of the Reserve Bank’s inflation target for some time yet.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.