NZ CPI Preview: Forecasts from four major banks, inflation likely to take a step downwards
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New Zealand’s Consumer Price Index (CPI) report for the fourth quarter (Q4) will be released on Tuesday, January 23 at 21:45 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming NZ inflation data.
Headline CPI is expected to rise by 0.5% quarter-on-quarter vs. 1.8% in Q3, while the year-on-year rate is expected at 4.7% vs. the prior release of 5.6%. If so, it would be the lowest since Q2 2021. The RBNZ’s Q4 CPI projection is higher at 0.8% QoQ and 5.0% YoY.
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