New Zealand: Inflation moderates in Q2
Inflation declined to 6.0% in Q2 from 6.7% in Q1. It therefore remained entrenched above the Central Bank’s 1.0%-3.0% target band. The largest contributors to inflation were food and housing and household utilities.
Meanwhile, consumer prices rose 1.07% from the previous quarter in Q2, coming in below Q1’s 1.25% increase.