New Zealand Q3 consumer price index +1.0% vs PVS Qtr (Reuters poll +1.0%)
- +3.0% vs year ago (Reuters poll +3.0%). Highest since the second quarter of 2024. The RBNZ target band is 1-3%.
- Consumer price index non-tradables +1.1% vs PVS qtr
- Consumer price index non-tradables +3.5% vs yr ago
- Core inflation +0.8% q/q and +2.5% y/y
The Reserve Bank of New Zealand is on a rate cut cycle, the Bank is concerned about growth.
Later today we'll get the Reserve Bank of New Zealand's own Sector Factor Inflation model data
- 2pm New Zealand time
- 0100 GMT / 2100 US Eastern time
