New Zealand Q4 CPI data is due at 2145GMT
CPI q/q
– expected is -0.2% and prior was +0.3%
CPI y/y
– expected is 0.3%, while prior was 0.4%
While NZ CPI normally drops in the final quarter of the year (seasonal effects), expectations are for the fall to be greater – due to the widespread weakness in commodities (notably oil) as well as indications of falling food prices.