Home NZ CPI arrives in line with expectations, kiwi flat
FXStreet News

NZ CPI arrives in line with expectations, kiwi flat

Ahead of today’s core inflation data which is due today at 0300 GMT, we have seen the release of the Consumer Price Index for the first quarter of the year arrive in line with expectations as follows:

CPI 0.8% QoQ vs the expected 0.8% QoQ and the previous  0.5%.

For the year, it arrived at 1.5% vs the prior 1.% and in line with expectations.  

NZD/USD is unchanged on the  data at 0.7174.  

Description of the Consumer Price Index

Consumer Price Index released by the  Statistics New Zealand  is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.