New Zealand Q2 CPI

+0.4% q/q

  • expected +0.5% q/q, prior was -0.3%

+0.3% y/y

  • expected +0.3% y/y, prior was +0.1%
  • The prices of tradable goods and services (which face foreign competition) decreased 2.0 percent in the year, with lower prices for petrol (down 7.4 percent) and for international airfares (down 6.3 percent).
  • Non-tradable goods and services increased 2.0 percent, the smallest annual increase since the December 2001 quarter.

NZD sold again:

(ps. Greek vote underway .... 100 to 32 in favour of 'Yes' as I update)