New Zealand data – January consumer confidence 93.6 (prior 93.1)

<p>ANZ's survey of consumer confidence for January 2024 comes in at 93.6</p><ul><li>prior 93.1</li></ul><p>Comments from ANZ's report:</p><ul><li>Inflation expectations bounced back, lifting from 3.9% to 4.3%.<ul><li>but are still
trending downward quite sharply. </li></ul></li><li>Household inflation expectations are of
secondary importance insofar as households don’t set prices, but their
expectations matter insofar as they can impact wage demands and also the
ease with which businesses can pass through price increases. </li><li>The fact that
petrol prices remain well off their highs has likely helped maintain the
downward trajectory of inflation expectations.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.