New Zealand Inflation Q2 2018

New Zealand

New Zealand: Inflation picks up in Q2

July 17, 2018

Consumer prices rose 0.4% in Q2 over the previous quarter according to Statistics New Zealand, slightly below Q1’s 0.5% rise. The reading largely reflected higher prices for housing and household utilities and food, more than offsetting lower prices for communication and recreation and culture.

Inflation rose from 1.1% in Q1 to 1.5% in Q2 and moved closer to the midpoint of the Central Bank’s 1.0%–3.0% target range. The climb was mainly a result of higher prices for housing and household utilities, which increased 3.1% year-on-year, and alcoholic beverages and tobacco.

New Zealand Inflation Forecast


FocusEconomics panelists expect inflation to average 1.7% in 2018, which is unchanged from last month’s forecast, and 2.0% in 2019.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in New Zealand? Download a sample report now.

Download

New Zealand Inflation Chart


NewZealand Inflation Q2 2018 0

Note: Quarter-on-quarter and annual variation of consumer price index in %.
Source: Statistics New Zealand and FocusEconomics calculations.


New Zealand Economic News

  • New Zealand: Consumer confidence takes a hit in September

    September 30, 2019

    The ANZ-Roy Morgan consumer confidence indicator fell to 113.9 in September (August: 118.2), moving closer to the 100-point threshold that separates optimism from pessimism among consumers and printing the worst result in four years. Consumers had worse assessments about their current financial situation compared to one year ago, and they also grew less optimistic about their future personal finances.

    Read more

  • New Zealand: Business confidence plunges further into pessimistic territory in September

    September 30, 2019

    The ANZ bank business outlook indicator fell by 1.2 points in September, with a net 53.5% of firms reporting that they expect general business conditions to deteriorate in the year ahead.

    Read more

  • New Zealand: RBNZ stands pat in September

    September 25, 2019

    On 25 September, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate (OCR) unchanged, following a surprise 50-basis-point cut at August’s meeting.

    Read more

  • New Zealand: Growth edges down in Q2

    September 19, 2019

    The economy grew 0.5% in quarter-on-quarter seasonally-adjusted terms in the second quarter, slightly below Q1’s 0.6% expansion.

    Read more

  • New Zealand: Consumer confidence bounces back in August

    September 2, 2019

    The ANZ-Roy Morgan consumer confidence indicator rose to 118.2 in August (July: 116.4), moving further above from the 100-point threshold that separates optimism from pessimism among consumers. Consumers had better assessments about their current financial situation compared to one year ago, and they also grew more optimistic about their future personal finances .

    Read more

More news

Search form