Michael Gordon, Senior Economist at Westpac, notes that New Zealand’s consumer prices rose 0.4% in the June quarter, lifting the annual inflation rate from 1.1% to 1.5%. Key Quotes “Fuel and food prices made the biggest contribution, but a range of ‘core’ measures of inflation also rose modestly on an annual basis.” “The details were firmer than the headline. Tradables inflation was soft, partly due to some unusual factors, but the more persistent non-tradables component was stronger than expected.” “Annual inflation rose from 1.1% to 1.5%, and we expect a further increase into year-end. However, this partly reflects soft CPI outturns a year ago; the underlying trend is more of a gradual pickup in inflation pressures.” “We continue to expect the Reserve Bank to keep the OCR on hold for some time.” 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. View All Post By FX Street FXStreet News share Read Next EUR/USD holding close to 1.17 ahead of US Fed Powell testimony FX Street 5 years Michael Gordon, Senior Economist at Westpac, notes that New Zealand's consumer prices rose 0.4% in the June quarter, lifting the annual inflation rate from 1.1% to 1.5%. Key Quotes "Fuel and food prices made the biggest contribution, but a range of 'core' measures of inflation also rose modestly on an annual basis." "The details were firmer than the headline. Tradables inflation was soft, partly due to some unusual factors, but the more persistent non-tradables component was stronger than expected." "Annual inflation rose from 1.1% to 1.5%, and we expect a further increase into year-end. However, this partly reflects soft CPI… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
