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NEW ZEALAND QOQ CPI INFLATION RISES TO 6.8% QOQ IN Q1 VS. 0.6% EXPECTED

guntur360
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Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday. The figure was above the market consensus of 0.6%. 

Annualized CPI inflation in New Zealand came in at 3.7% YoY compared to the previous period's 4.7%.

Market reaction to New Zealand CPI data

The New Zealand Dollar (NZD) edged higher with the immediate reaction. The NZD/USD pair was last seen rising 0.32% on the day at 0.5898. 


Edited 18 Apr 2024, 18:41

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