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New Zealand Q1 CPI comes in at +4.0% y/y (vs. 4.0% expected)

New Zealand inflation data for the January – March quarter of 2024

more to come

New Zealand CPI

+0.6% q/q

  • expected 0.6%, prior +0.5%

4.0% y/y, lowest since 2021 and still way above RBNZ target

  • expected 4.0%, prior 4.7%

The non-tradeable component is +1.6% q/q and +5.8% y/y

This article was written by Eamonn Sheridan at www.forexlive.com.

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