Search ForexCrunch

Michael Gordon, Senior Economist at Westpac, expects a 0.7% rise in the Consumer Price Index (CPI) of New Zealand economy for the September quarter, taking annual inflation up to 1.7%.

Key Quotes

“Higher fuel prices account for much of the expected quarterly rise, and are likely to push annual inflation higher again in the near term.”

“We also expect the lower exchange rate over the last year to have an impact on prices of imported goods.”

“Inflation is shaping up to rise above the midpoint of the Reserve Bank’s target range, for at least a short period.”