New Zealand retail sales data -0.1% m/m and -4.9% y/y

Card spending data covers around 68% of core retail sales in NZ.

You’ll note in the screen shot the Food Price Index data also.

Earlier we had further comments from RBNZ Governor Orr

• Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflation

Now this data and the kiwi $ remains basically unmoved. What else can we throw at this thing?

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Card spending

Data for purchases made in New Zealand on debit, credit and store cards. Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.

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The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.

• calculated and published monthly by Statistics New Zealand
• the FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand households
• the FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure—

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