Inflation in New Zealand
New Zealand - Inflation (end of period)
Inflation at over eight-year high in Q1
Consumer prices increased at a one-and-a-half-year high rate of 0.8% in Q1 2020 over the previous quarter, up from Q4’s 0.5% rise and beating analysts’ expectations of a 0.4% increase, according to Statistics New Zealand. In terms of specific categories, food, alcoholic beverages and tobacco, and housing and household utilities were the categories that contributed the most to the quarter-on-quarter increase in prices. On the other hand, prices for transport fell the most.
Meanwhile, inflation climbed to an over eight-year high of 2.5% in Q1 following Q4’s 1.9%, again beating analysts’ forecasts of a 2.1% increase and moving above 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 (eop) Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | 0.8 | 0.1 | 1.3 | 1.6 | 1.9 |
New Zealand Inflation (eop) 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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The ANZ bank business outlook indicator worsened further in April, hit by lockdown measures enacted to limit the spread of coronavirus.
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