New Zealand CPI dropped -0.5% qoq in Q2, affirming more RBNZ easing, NZD/JPY steady

<p>New Zealand CPI dropped -0.5% qoq in Q2, matched expectations. That’s the first quarterly fall in inflation since December 2015 quarter. Petrol prices dripped -12% qoq, biggest quarterly decline since December 2008 quarter. Annually, CPI slowed to 1.5% yoy, down from 2.5% yoy, matched expectations too. Stats NZ prices senior manager Aaron Beck said “the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/311368-new-zealand-cpi-dropped-0-5-qoq-in-q2-affirming-more-rbnz-easing-nzd-jpy-steady/">New Zealand CPI dropped -0.5% qoq in Q2, affirming more RBNZ easing, NZD/JPY steady</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>