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New Zealand’s Q1 CPI is +4.0% YoY (vs. 4.0% expected)

New Zealand inflation data for the January-March quarter 2024

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New Zealand CPI

+0.6% q/q

  • expected 0.6%, previously +0.5%

4.0% YoY, lowest since 2021 and still well above RBNZ target

  • expected 4.0%, before 4.7%

The non-tradable component is +1.6% q/q and +5.8% y/y

This article was written by Eamonn Sheridan at www.forexlive.com.

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