NZ: Q3 CPI forecast remains at 0.7% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that New Zealand’s Sep food prices eased by -0.1%/m and with Q3 food prices at +0.7%/q, TD’s overall headline CPI forecast remains at 0.7%/q (published Tue).

Key Quotes

“Early consensus is similar. Meanwhile, plummeting swap rates and therefore lower mortgage rates on offer have done the job to increase Auckland’s House Price Index by 0.5%/m in Sep, the first increase since Feb 2018.”

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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