Producer Prices in New Zealand
New Zealand - Producer Prices
Inflation stable in Q4
Consumer prices increased 0.5% in Q4 2020, coming in below Q3’s 0.7% rise. In terms of specific categories, higher prices for domestic accommodation, construction and used cars drove the quarter-on-quarter increase in prices.
Meanwhile, inflation was stable at Q3’s 1.4% in Q4, thus remaining below the Central Bank’s 2.0% target.
Our panelists see inflation averaging 1.4% in 2021 and 1.7% in 2022.
New Zealand - Producer Prices Data
|Inflation (PPI, annual variation in %)||-1.3||0.8||4.8||3.4||2.1|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Facts
|Bond Yield||1.67||1.20 %||Dec 30|
|Exchange Rate||0.67||-1.69 %||Jan 01|
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February 24, 2021
At its meeting on 24 February, the Reserve Bank of New Zealand (RBNZ) decided to hold the official cash rate (OCR) steady at its record low of 0.25%, and at the same time left the scale of its monetary stimulus program unchanged.
February 8, 2021
The ANZ-Roy Morgan consumer confidence indicator rose to 113.8 in January from December’s 112.0.
February 8, 2021
The ANZ bank business outlook indicator rose again in February, recording the highest print since September 2017.
February 3, 2021
The seasonally-adjusted unemployment rate fell to 4.9% in Q4 from 5.3% in the previous quarter, which had marked the highest print since Q4 2016.
January 22, 2021
Consumer prices increased 0.5% in Q4 2020, coming in below Q3’s 0.7% rise.