New Zealand Inflation
Inflation moderates in Q2
Inflation declined to 6.0% in Q2 from 6.7% in Q1. It therefore remained entrenched above the Central Bank’s 1.0%-3.0% target band. The largest contributors to inflation were food and housing and household utilities.
Meanwhile, consumer prices rose 1.07% from the previous quarter in Q2, coming in below Q1’s 1.25% increase.
New Zealand Inflation Chart
New Zealand Inflation Data
|Inflation (CPI, ann. var. %, aop)||1.6||1.6||1.7||3.9||7.2|
|Inflation (CPI, ann. var. %, eop)||1.9||1.9||1.4||5.9||7.2|
|Inflation (PPI, ann. var. %, aop)||3.4||2.1||1.0||4.6||8.3|