Inflation in New Zealand
New Zealand - Inflation (end of period)
Inflation falls further below Central Bank target
Consumer prices rose 0.1% in Q1 2019 over the previous quarter, matching Q4 2018’s uptick, according to Statistics New Zealand. The print showed that a rebound in prices for food, and alcoholic beverages and tobacco was partially offset by lower prices for transport, telecommunications, and recreation and culture.
Inflation slowed to 1.5% in Q1, after Q4’s 1.9% increase, thus falling further below the Central Bank’s 2.0% target. In contrast, average annual inflation edged up to 1.7% in the first quarter (Q4: 1.6% year-on-year).
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.6||0.8||0.1||1.3||1.6|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Inflation (eop) Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
|Bond Yield||1.83||1.20 %||May 13|
|Exchange Rate||0.66||-1.69 %||May 13|
|Stock Market||4,438||0.11 %||May 13|
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May 8, 2019
On 8 May, the Reserve Bank of New Zealand (RBNZ) lowered the official cash rate (OCR) by 25 basis points to an all-time low of 1.50%.
May 1, 2019
The seasonally-adjusted unemployment rate edged down to 4.2%, from Q3’s 4.3%, as had been expected by market analysts.
April 26, 2019
The ANZ-Roy Morgan consumer confidence indicator rose to 123.2 in April, from March’s 121.8.
April 17, 2019
Consumer prices rose 0.1% in Q1 2019 over the previous quarter, matching Q4 2018’s uptick, according to Statistics New Zealand.
March 29, 2019
The ANZ-Roy Morgan consumer confidence indicator ticked up to 121.8 in March, from February’s 120.8.