Michael Gordon, senior economist at Westpac, expects a 0.6% rise in the New Zealand’s Consumer Price Index (CPI) for the September quarter.
“This would see annual inflation drop from 1.7% to 1.4%, as some large price increases from a year ago drop out.”
“Our forecast is slightly above the Reserve Bank’s estimate, particularly on the nontradables side.”
“Easy monetary policy has supported a gradual lift in non-tradables inflation over the last couple of years.”
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 assets. 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 Open Markets 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.