NZ CPI q/q
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is extremely late relative to inflation data from other countries, but it's the primary gauge of consumer prices;
- NZ CPI q/q Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Oct 15, 2024 | 0.6% | 0.7% | 0.4% |
| Jul 16, 2024 | 0.4% | 0.5% | 0.6% |
| Apr 16, 2024 | 0.6% | 0.6% | 0.5% |
| Jan 23, 2024 | 0.5% | 0.5% | 1.8% |
| Oct 16, 2023 | 1.8% | 1.9% | 1.1% |
| Jul 18, 2023 | 1.1% | 0.9% | 1.2% |
| Apr 19, 2023 | 1.2% | 1.5% | 1.4% |
| Jan 24, 2023 | 1.4% | 1.3% | 2.2% |
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- NZ CPI q/q News
From bnnbloomberg.ca|Oct 15, 2024|3 commentsNew Zealand’s annual inflation rate fell sharply in the third quarter, returning to the central bank’s target band for the first time in more than three years. The rate fell to 2.2% from 3.3% in the second quarter, Statistics New Zealand said Wednesday in Wellington. The result matched economists’ expectations while the Reserve Bank had forecast 2.3%. Consumer prices advanced 0.6% from three months earlier, less than the 0.7% estimate of economists. The RBNZ began an easing cycle in August with a 25 basis-point cut to the Official ...
From stats.govt.nz|Oct 15, 2024|3 commentsKey facts: The following table shows the price changes for the September 2024 quarter. table chart Quarterly change Within the 0.6 percent rise in the CPI in the September 2024 quarter, higher prices were recorded for: • local authority rates and payments, up 12.2 percent (51.0 percent contribution to the 0.6 percent rise for all groups) • vegetables, up 8.4 percent (16.1 percent contribution to all groups) • pharmaceutical products, up 17.0 percent (15.2 percent contribution to all groups). These were partly offset by lower ...
From westpac.co.nz|Jul 16, 2024Today’s CPI showed some welcome reduction in headline inflation. • Services sector inflation is easing only gradually. • Recent activity data has suggested recessionary conditions for a few months now. • The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. • We now see inflation is likely below 3% in Q3 and the path towards 2% seems more assured. • Around a 30% chance of an earlier easing at the RBNZ’s in October Review now exists. • The tone of ...
From stats.govt.nz|Jul 16, 2024Key facts: Inflation rates for the June 2024 quarter: • quarterly inflation rate was 0.4 percent • annual inflation rate was 3.3 percent • quarterly non-tradeable inflation rate was 0.9 percent • annual non-tradeable inflation rate was 5.4 percent • quarterly tradeable inflation rate was -0.5 percent • annual tradeable inflation rate was 0.3 percent. Quarterly change: In the June 2024 quarter, the CPI rose 0.4 percent (0.6 percent with seasonal adjustment). • Housing and household utilities rose 1.1 percent, influenced by: • actual ...
- From stats.govt.nz|Apr 16, 2024
The consumers price index (CPI) measures the rate of price change of goods and services purchased by New Zealand households. 24 January 2024: This release incorporates corrections to the following statistics: • Quarterly weighted average prices – due to an error that began in 2019, some of these prices differ by one or two cents, with a small number of series having larger differences. The error is limited to the weighted average prices and does not impact any index. • Petrol and diesel prices – due to an error in the September 2023 ...
From westpac.co.nz|Mar 12, 2024We expect that the March quarter inflation report (due for release on 17 April) will show that consumer prices rose 0.8% in the first three months of the year. That would see the annual inflation rate dropping to 4.2%, down from 4.7% at the end of 2023 and the lowest annual inflation has been since 2021. This updated forecast is slightly higher than our previous published forecast for a 0.7% quarterly rise, reflecting updates in Stats NZ’s February Selected Prices update. Inflation is dropping back as demand cools. That’s been seen ...
- From stats.govt.nz|Jan 23, 2024|2 comments
Key facts: Inflation rate for the December 2023 quarter: • quarterly inflation rate was 0.5 percent • annual inflation rate was 4.7 percent • quarterly non-tradeable inflation rate was 1.1 percent • annual non-tradeable inflation rate was 5.9 percent • quarterly tradeable inflation rate was -0.2 percent • annual tradeable inflation rate was 3.0 percent. Quarterly change: In the December 2023 quarter, the CPI rose 0.5 percent (0.7 percent with seasonal adjustment). Housing and household utilities rose 0.8 percent, influenced by: • ...
- From stats.govt.nz|Oct 16, 2023
Key facts: Inflation rate for the September 2023 quarter: • quarterly inflation rate was 1.8 percent • annual inflation rate was 5.6 percent • quarterly non-tradeable inflation rate was 1.7 percent • annual non-tradeable inflation rate was 6.3 percent • quarterly tradeable inflation rate was 1.8 percent • annual tradeable inflation rate was 4.7 percent. Quarterly change In the September 2023 quarter, the CPI rose 1.8 percent (1.3 percent with seasonal adjustment). Transport rose 7.1 percent, influenced by: • private transport ...
| Released on Oct 15, 2024 |
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| Released on Jul 16, 2024 |
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| Released on Apr 16, 2024 |
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| Released on Jan 23, 2024 |
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| Released on Oct 16, 2023 |
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