New Zealand food prices in June 2024:
+1% m/m and -0.3% y/y
Food prices make up nearly 19% of New Zealand’s consumer price index.
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We get the Q2 CPI data from NZ next week. Wednesday morning, July 17, New Zealand time:
10.45am
This is TUESDAY at 2245 GMT and 1645 US Eastern time.
Earlier from NZ:
BNZ forecast a November rate cut from the RBNZ (previously February)ANZ on what to watch for timing the first RBNZ interest rate cut. Spoiler, next week’s CPI“We finally got a noticeable softening in tone” from the RBNZ, to cut in November
This article was written by Eamonn Sheridan at www.forexlive.com.
