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New Zealand Inflation Rate Slows to Over 2-Year Low
The annual inflation rate in New Zealand edged down to 1.4 percent in the third quarter of 2020 from 1.5 percent in the previous period and below market expectations of a 1.7 percent increase. It was the lowest inflation rate since the first quarter of 2018, amid the coronavirus pandemic. Prices slowed for housing & household utilities (2.6 percent vs 3.2 percent in Q2); recreation & culture (0.8 percent vs 1.2 percent); and miscellaneous goods & services (2.3 percent vs 2.6 percent). Also, cost of communication dropped at a faster pace (-2.9 percent vs -1.4 percent). On the other hand, inflation was steady for food (at 3.7 percent); and liquor & tobacco (at 5.1 percent). In addition, prices advanced further for education (0.9 percent vs 0.8 percent) and health (1.9 percent vs 1.6 percent), while cost of transport fell at a softer pace (-3.9 percent vs -4.2 percent). On a quarterly basis, consumer prices went up 0.7 percent, rebounding from a 0.5 percent drop in the previous period.
Published on 2020-10-22

New Zealand Inflation Rate Slows to 1.5% YoY in Q2
Annual inflation rate in New Zealand declined to 1.5 percent year-on-year in the second quarter of 2020 from 2.5 percent in the previous three months, matching market expectations. Prices slowed for housing & utilites (3.2 percent vs 3.3 percent in Q1); health (1.6 percent vs 1.7 percent); recreation & culture (1.2 percent vs 2.1 percent); and miscellaneous goods & services (2.6 percent vs 2.9 percent). Also, cost dropped for transport (-4.2 percent vs 1.5 percent) as a collapse in global oil prices dragged petrol costs down sharply; household contents & services (-1.2 percent vs 1.7 percent); and clothing & footwear (-2.6 percent vs 1.2 percent). On the other side, food prices advanced 3.7 percent, faster than a 3.3 percent rise in the prior period. On a quarterly basis, consumer prices dropped 0.5 percent on quarter, the first fall since Q4 2015, following a 0.8 percent increase in the first quarter of the year.
Published on 2020-07-15

New Zealand Inflation Rate Highest Since 2011
Annual inflation rate in New Zealand increased to 2.5 percent in the first quarter of 2020 from 1.9 percent in the previous three months. It was the highest inflation rate since the third quarter of 2011, above market expectations of 2.1 percent. Prices advanced faster for housing & utilities (3.3 percent vs 3.0 in Q4); food & non-alcoholic beverages (3.3 percent vs 2.5 percent); recreation & culture (2.1 percent vs 0.7 percent); miscellaneous goods & services (2.9 percent vs 2.7 percent) and alcoholic beverages & tobacco (5.1 percent vs 4.9 percent). In addition, transport cost rebounded (1.5 percent vs -0.7 percent). On a quarterly basis, consumer prices rose 0.8 percent over the previous period, following a 0.5 percent increase in the prior quarter.
Published on 2020-04-19

New Zealand Inflation Rate Beats Forecasts at 1.9%
Annual inflation rate in New Zealand increased to 1.9 percent in the last quarter of 2019 from 1.5 percent in the previous three months. It is the highest inflation rate in one year, above market expectations of 1.8 percent. Biggest upward pressure came from cost of housing and household utilities (3 percent), with rentals for housing up 3.1 percent, the most since the third quarter of 2008, property rates and related services up 5.0 percent, and purchase of housing up 2.4 percent. Food prices increased 2.5 percent, with restaurant meals and ready-to-eat food up 3.4 percent. Alcoholic beverages and tobacco increased 4.9 percent, with cigarettes and tobacco up 9.1 percent. On a quarterly basis, consumer prices rose 0.5 percent over the previous period, below 0.7 percent in the September quarter.
Published on 2020-01-23

New Zealand Annual Inflation Rate Eases to 1.5% in Q3
The annual inflation rate in New Zealand decreased to 1.5 percent in the third quarter of 2019 from 1.7 percent in the previous period but above market expectations of a 1.4 percent gain. The slowdown was mainly due to a fall in cost of transport. On a quarterly basis, consumer prices went up 0.7 percent, after rising 0.6 percent in the prior period, and higher than market forecasts of 0.6 percent.
Published on 2019-10-15

New Zealand Annual Inflation Rate Rises to 1.7% in Q2
The annual inflation rate in New Zealand climbed to 1.7 percent in the second quarter of 2019 from 1.5 percent in the previous period, matching market expectations. Prices rose further mainly due to cost of petrol. On a quarterly basis, consumer prices went up 0.6 percent, after rising 0.1 percent in the previous quarter, also matching forecasts.
Published on 2019-07-15

New Zealand Q1 Inflation Rate Eases to 1.5%
The annual inflation rate in New Zealand fell to 1.5 percent in the first quarter of 2019 from 1.9 percent in the previous period and below market expectations of 1.7 percent. The slowdown was mainly driven by a fall in cost of transport, communication and household contents and services. On a quarterly basis, consumer prices increased 0.1 percent, unchanged from the previous period and below forecasts of 0.3 percent.
Published on 2019-04-16

New Zealand Inflation Unchanged at 1.9% YoY in Q4
Consumer prices in New Zealand increased 1.9 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous quarter and slightly above market expectations of 1.8 percent. Inflation stood at its highest level in five quarters. Prices remained elevated for housing & utilities (3.1 percent, the same pace as in Q3) and inflation went up for the food group (0.6 percent vs 0.2 percent); health (1.6 percent vs 0.8 percent) and recreation & culture (2.1 percent vs 0.4 percent). Meanwhile, cost eased for transport (3.5 percent vs 5.6 percent). On a quarterly basis, prices edged up 0.1 percent, after a 0.9 percent gain in Q3 while markets had expected no change.
Published on 2019-01-22

New Zealand Inflation Jumps to 1.9% YoY on Oil Prices
Consumer prices in New Zealand increased 1.9 percent year-on-year in the third quarter of 2018 following a 1.5 percent increase in the previous quarter. The print came above consensus expectations (1.7 percent) and was the highest rate in four quarters. Higher inflation was mainly explained by a 19 percent jump in petrol prices, which also nudged transport prices higher (+5.6 percent). Meantime, housing and household utilities increased 3.1 percent with construction up 4.1 percent, rentals rising 2.3 percent and local authority rates up 5.1 percent.
Published on 2018-10-15

New Zealand Inflation Rate Climbs in Q2
Consumer prices in New Zealand increased 1.5 percent year-on-year in the second quarter of 2018 following a 1.1 percent increase in the previous quarter. The print came slightly below consensus (1.6 percent) and was the second slowest inflation rate in the last six quarters. The largest contributor to inflation was higher prices for housing and household utilities, up 3.1 percent in the year to June 2018.
Published on 2018-07-16

New Zealand Inflation Slows to 1.6% YoY in Q4
Consumer prices in New Zealand increased 1.6 percent year-on-year in the fourth quarter of 2017, below market expectations of 1.9 percent and from 1.9 percent in the previous period. It was the lowest quarterly inflation in a year. Lower inflation was mainly explained by the groups of food (2.3 percent in Q4 vs 2.8 percent in Q3), transport (1.5 percent vs 2 percent), liquor & tobacco (4.2 percent vs 4.5 percent), clothing & footwear (-1.7 percent vs 0.5 percent), health (1.0 percent vs 2.0 percent), transport (1.5 percent vs 2.0 percent), communication (-5.6 percent vs -5.3 percent), and recreation & culture (-1.1 percent vs -1.0 percent). In contrast, education prices went up 2.4 percent after rising 2.2 percent in the previous three months. On a quarterly basis, consumer prices rose by 0.1 percent following a 0.5 percent increase in the previous quarter.
Published on 2018-01-24

New Zealand Inflation Jumps to 1.9% YoY in Q3
Consumer prices in New Zealand increased 1.9 percent year-on-year in the third quarter of 2017, above market expectations of 1.8 percent and up from 1.7 percent in the previous period. The inflation rate regained footing after easing in Q2 for the first time in six quarters. In the third quarter, the food group (2.8 percent vs 2.0 percent); alcoholic beverages & tobacco (4.5 percent vs 3.7 percent); transport (2.0 percent vs 1.2 percent); clothing & footwear (0.5 percent vs 0.1 percent); and miscellaneous goods and services (2.5 percent vs 1.7 percent) were the main triggers behind the headline’s increase.
Published on 2017-10-16

New Zealand Inflation Rate Slows To 1.7% In Q2
Consumer prices in New Zealand increased 1.7 percent year-on-year in the second quarter of 2017, below market expectations of 1.9 percent and down from 2.2 percent in the previous period which was the highest in five years. The inflation rate eased for the first time in six quarters mainly due to a softer increase in prices of housing, utilities and transport and a steeper decline in cost of communication.
Published on 2017-07-17

New Zealand Inflation Rate At Over 5-Year High Of 2.2%
New Zealand’s consumer prices increased by 2.2 percent year-on-year in the first quarter of 2017, up from a 1.3 percent gain in the previous period and above market expectations of 2 percent. It was the highest inflation rate since the third quarter of 2011, and was mainly explained by the food group, which rose 1.6 percent following a 0.6 percent upswing in the previous quarter; and by the transport component, which increased by 3.5 percent after a 1.0 percent decline. On a quarterly basis, consumer prices rose 1.0 percent following a 0.4 percent increase.
Published on 2017-04-19

New Zealand Inflation Rate Highest Since 2014
Consumer prices in New Zealand jumped 1.3 percent year-on-year in the fourth quarter of 2016, compared to an upwardly revised 0.4 percent rise in the previous period and above market expectations of 1.2 percent. It was the highest level since the third quarter of 2014 mainly due to higher prices of newly built houses, excluding land and rentals for housing.
Published on 2017-01-25

New Zealand Revises Inflation Rate Up to 0.4% in Q3
Consumer prices in New Zealand increased 0.4 percent year-on-year in the third quarter of 2016, compared to 0.2 percent growth that had been originally reported, due to manual processing error. The error affected prices for vehicle relicensing fees, within the transport group. There was a flow-on effect on the non-tradable index. The index for non-tradables less government charges was unaffected.
Published on 2016-11-06

New Zealand Inflation Rate Eases to 0.2% in Q3
Consumer prices in New Zealand increased 0.2 percent year-on-year in the third quarter of 2016, easing from a 0.4 percent rise in each of the previous two quarters and above market estimates of 0.1 percent. Housing-related prices made the biggest upward contribution, partially offset by a fall in transport cost.
Published on 2016-10-17

New Zealand Inflation Rate Steady at 0.4% in Q2
Consumer prices in New Zealand rose 0.4 percent year-on-year in the June quarter of 2016, the same as in the previous period and lower than market expectations of a 0.5 percent increase. Prices went up for newly built houses, excluding land and rentals for housing while lower prices for transport made the main downward contribution.
Published on 2016-07-18

New Zealand Inflation Rate Matches Expectations
Consumer prices in New Zealand increased 0.4 percent year-on-year in the first three months of 2016, accelerating from a 0.1 percent rise in the previous quarter. Figures came in line with forecasts, due to higher housing cost.
Published on 2016-04-17

New Zealand Inflation Rate Lowest Since 1999
Consumer prices in New Zealand increased by 0.1 percent year-on-year in the fourth quarter of 2015, slowing from a 0.4 percent growth in the previous period and missing market expectations. It was the lowest level since the third quarter of 1999 mainly due to lower petrol prices. Quarter-on-quarter, consumer prices dropped 0.5 percent, the largest fall in seven years.
Published on 2016-01-19