Inflation in New Zealand
New Zealand - Inflation
Inflation softens in Q3
Consumer prices increased 0.7% in Q3 2019 over the previous quarter, up slightly from Q2’s 0.6% rise, according to Statistics New Zealand. The print showed that housing and household utilities, and food were the categories that contributed the most to the quarter-on-quarter increase in prices, only partially offset by lower price for clothing and footwear and communication.
Meanwhile, inflation dropped to 1.5% in Q3 following Q2’s 1.7%, and thus moved further away from the Central Bank’s 2.0% target.
FocusEconomics panelists expect inflation to average 2.0% in 2020, which is unchanged from last month’s forecast, and 2% again in 2021.
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 | 1.67 | 1.20 % | Dec 30 |
| Exchange Rate | 0.67 | -1.69 % | Jan 01 |
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Economic News
New Zealand: Consumers close 2019 on a high note
December 20, 2019
The ANZ-Roy Morgan consumer confidence indicator rose to 123.3 in December (November: 120.7), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result since March 2018. Consumers grew more optimistic about their future personal finances and they had better assessments about their current financial situation compared to one year ago.
New Zealand: Business confidence jumps again in December
December 20, 2019
The ANZ bank business outlook indicator surged in December but nevertheless a net 13.2% of firms still reported that they expect general business conditions to deteriorate in the year ahead, from a net 26.4% in November.
New Zealand: Growth jumps on buoyant consumer spending in Q3
December 20, 2019
The economy climbed 0.7% in quarter-on-quarter seasonally-adjusted terms in the third quarter, well above Q2’s revised 0.1% uptick (previously reported: +0.5% quarter-on-quarter seasonally-adjusted).
New Zealand: Consumer confidence rises further in November
November 29, 2019
The ANZ-Roy Morgan consumer confidence indicator rose to 120.7 in November (October: 118.4), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result in five months. Consumers grew more optimistic about their future personal finances, and their expectations on next year’s economic outlook and on the five-year general economic outlook improved significantly.
New Zealand: Business confidence jumps but remains deeply entrenched in pessimistic territory in November
November 29, 2019
The ANZ bank business outlook indicator surged 16.0 points in November, the highest print this year, but nevertheless a net 26.4% of firms still reported that they expect general business conditions to deteriorate in the year ahead.
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