• New Zealand CPI lower than expected q/q

Market news

17 July 2018

New Zealand CPI lower than expected q/q

Inflation rates for the June 2018 quarter:

  • quarter: 0.4 percent

  • annual: 1.5 percent.

  • From the June 2017 quarter to the June 2018 quarter, the CPI increased 1.5 percent.

  • Housing and household utilities increased 3.1 percent; rentals for housing were up 2.5 percent; and construction was up 3.9 percent.

  • Transport increased 2.0 percent, with prices for petrol up 10 percent.

  • Miscellaneous goods and services increased 3.1 percent, with insurance prices up 5.7 percent.

  • In the June 2018 quarter compared with the March 2018 quarter, the CPI rose 0.4 percent (up 0.3 percent with seasonal adjustment).

  • Housing and household utilities rose 0.9 percent, influenced by higher prices for rents (up 0.8 percent) and construction (up 1.1 percent).

  • Food prices rose 0.8 percent, influenced by seasonally higher prices for vegetables (up 7.0 percent).

  • Recreation and culture prices fell 1.4 percent, influenced by lower prices for audio-visual equipment (down 15 percent) and subscriber TV (down 7.2 percent).

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