Inflation in New Zealand
New Zealand - Inflation
Inflation ends year below-target
According to Statistics New Zealand, consumer prices rose 0.1% in Q4 over the previous quarter, decelerating from Q3’s 0.9% increase. The weaker print reflected a fall in the price for food, alcoholic beverages and tobacco, and household contents.
Inflation logged 1.9% in Q4, thus matching the third quarter’s print and remained marginally below the Central Bank’s 2.0% target. An analysis of subgroups shows that increased prices for food and health were offset by contractions in the price of clothing, communication and education. Additionally, a decline in fuel prices and a stronger New Zealand dollar at year-end also suppressed price pressures.
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
|Inflation Rate (CPI, annual variation in %)||1.1||1.2||0.3||0.6||1.9|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Inflation Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
|Bond Yield||2.11||1.20 %||Mar 11|
|Exchange Rate||0.68||-1.69 %||Mar 11|
|Stock Market||4,156||0.11 %||Mar 11|
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March 1, 2019
The ANZ-Roy Morgan consumer confidence indicator edged down to 120.8 in February, from January’s 121.7.
February 28, 2019
The ANZ bank business outlook indicator dipped further into pessimistic territory in February, losing more than a half of December’s gains.
February 13, 2019
At its first meeting of the year, held on 13 February, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) unchanged at a record-low of 1.75%, where it has been since November 2016.
February 6, 2019
After two years of continued labor market tightening, New Zealand’s unemployment rate rose in the fourth quarter of 2018.
February 1, 2019
The ANZ-Roy Morgan consumer confidence indicator inched down to 121.7 in January, from December’s 121.9.