I posted a preview of the New Zealand CPI due at 2245GMT on 17 July 2018 here earlier:
- Via the folks at ASB: NZD traders, here is what is coming up from New Zealand this week (inflation data preview)
- And via BNZ: Economic calendar due from Asia today - inflation data from NZ soon
This via Westpac:
- We expect a 0.6% rise in consumer prices for the June quarter. This would see the annual inflation rate rise to 1.7%, after a brief drop to 1.1% in the March quarter.
WPAC citing:
biggest positive contributions will be from higher fuel prices
- & a largely seasonal rise in food prices
- also expect a modest uptick in imported goods prices, as a result of the lower New Zealand dollar over the past year
Domestic airfares and accommodation will see seasonal declines as the peak tourist period comes to an end.
WPAC outlook for inflation:
- We expect annual inflation to reach 2.1% by the end of this year, as fuel prices turn from a drag to a boost. However, we're not convinced that this effect will persist into next year.
