New Zealand: Inflation remains stable in Q3
October 16, 2015
Consumer prices increased 0.3% in Q3 2015 over the previous quarter, which was slightly below Q2’s 0.4% rise. The reading was in line with market expectations. According to the statistical institute, the moderation came on the back of lower vehicle relicensing fees, which more than offset higher vegetable and package holiday prices.
Headline inflation tallied 0.4% in Q3, mirroring Q2’s result. Consequently, inflation remained below the lower bound of the Reserve Bank of New Zealand’s 1.0%–3.0% target range.
Author: Eric Denis , Economist