Inflation in New Zealand
New Zealand - Inflation
Inflation climbs to a one-year high in Q3
Consumer prices rose 0.9% in Q3 over the previous quarter according to Statistics New Zealand, accelerating from Q2’s 0.4% rise and marking a one-and-a-half year high. The reading mainly reflected higher prices for housing and household utilities as well as transport.
Inflation picked up from 1.5% in Q2 to a one-year high of 1.9% in Q3, coming in marginally below the Central Bank’s 2.0% target. The combination of higher fuel prices and a weaker New Zealand dollar have added to inflationary pressures recently, which if sustained, could reduce the scope for further loosening of policy by the RBNZ.
New Zealand Inflation Forecast
FocusEconomics panelists expect inflation to average 2.0% in 2019, which is unchanged from last month’s forecast, and 2.0% again in 2020.
New Zealand - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.1 | 1.2 | 0.3 | 0.6 | 1.9 |
New Zealand Inflation Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.32 | 1.20 % | Jan 14 |
| Exchange Rate | 0.68 | -1.69 % | Jan 14 |
| Stock Market | 3,977 | 0.11 % | Jan 14 |
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Economic News
New Zealand: Consumer confidence trends upward in December
December 21, 2018
The ANZ-Roy Morgan consumer confidence indicator rose to 121.9 in December from 118.6 in November, marking a second consecutive monthly increase after trending down for five-months.
New Zealand: Growth slows to a near five-year low in Q3
December 19, 2018
According to data released by the Statistical Institute, quarter-on-quarter seasonally-adjusted national accounts for the third quarter were the weakest since late 2013.
New Zealand: Business confidence improves in December
December 18, 2018
The ANZ Bank Business Outlook indicator reported significant improvements in business confidence in December, with a net 24.1% of surveyed firms reporting pessimism over general business conditions in the year ahead (November: 37.1%).
New Zealand: Consumer confidence recovers from three-year low in November
November 30, 2018
The ANZ-Roy Morgan consumer confidence indicator climbed to 118.6 in November from 115.4 in October, which had marked the lowest reading in three years.
New Zealand: Business confidence remains steady in November
November 29, 2018
The ANZ Bank Business Outlook indicator showed that a net 37.1% of surveyed firms were pessimistic over general business conditions in the year ahead in November, unchanged from October.
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