- For the q/q prior was +0.2%
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For the y/y,comes in at +1.4%
- expected was 1.2% and prior 0.7%
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The NZD is up slightly with the result just a shade above consensus expectations (though some sources had the ‘expected’ at 0.9%). Brings kiwi inflation into the lower end of the RBNZ target range and provides a reminder that the RBNZ is expecting to raise rates from 2014.
