FXStreet (Bali) – New Zealand Consumer Price Index (YoY) registered at 0.3%, below expectations (0.4%), while Consumer Price Index (QoQ) was 0.4% vs 0.6% exp.
Quarterly change
In the June 2015 quarter compared with the March 2015 quarter:
The consumers price index (CPI) rose 0.4 percent to a level of 1198.
Petrol prices rose 8.8 percent, making the largest upward contribution.
Prices for vegetables (up 4.8 percent), newly built houses excluding land (up 1.5 percent), and rentals for housing (up 0.6 percent) also rose.
Domestic air fares fell 13 percent, following price rises in the previous two quarters.
Non-tradable inflation (up 0.1 percent), was the lowest since the December 2009 quarter.
After seasonal adjustment, the CPI rose 0.3 percent influenced by lower seasonally adjusted vegetable and electricity prices.
Annual change
From the June 2014 quarter to the June 2015 quarter:
The CPI increased 0.3 percent (0.1 percent in the year to the March 2015 quarter).
Cigarettes and tobacco (up 14 percent), newly built houses excluding land (up 5.3 percent), and rentals for housing (up 2.3 percent) all increased.
Lower petrol prices (down 7.4 percent) were the main downward contributor.
Annual non-tradable inflation (up 2.0 percent), was the lowest since the December 2001 quarter.
Prices of tradable goods and services decreased 2.0 percent.
The CPI measures the rate of price change of goods and services purchased by New Zealand households. Statistics NZ visits 2,800 shops around New Zealand to collect prices for the CPI and check product sizes and features
(Market News Provided by FXstreet)