New Zealand third quarter producer price rises not as fast as expected
Data from Stats NZ.
New Zealand PPI Outputs +0.6% q/q
- expected 0.7%, prior 0.6%
Inputs 0.2% q/q
- expected 0.9%, prior 0.6%
Slower wholesale inflation will be welcomed by the Reserve Bank of New Zealand. The bank is continuing on its easing cycle in order to address NZ economic growth cocnerns.
