New Zealand Q2 CPI 1.1% q/q (vs. expected 1.0%)

<p>Inflation data from New Zealand for the April – June quarter of 2023</p><p>Non- tradeables (in a nutshell domestic price pressure):</p><ul><li>+1.3% q/q (vs. Q1 +1.7%) and +6.6% y/y</li></ul><p>–</p><p>Background here:</p><ul><li><a href="https://www.forexlive.com/centralbank/new-zealand-inflation-data-is-expected-to-support-the-rbnz-on-hold-monetary-policy-20230718/" target="_blank" rel="follow" data-article-link="true">New Zealand inflation data is expected to support the RBNZ on-hold monetary policy</a></li></ul>

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