New Zealand Q2 Consumer Price Index rose to 7.3% YoY, NZD/USD stays firmer

New Zealand’s second quarter (Q2) headline inflation, as per Consumer Price Index (CPI), rose to 7.2% YoY versus compared to 7.1% market consensus and 6.9% prior.

More to come

About New Zealand CPI

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.