New Zealand Q3 CPI +1% q/q (expected +1%) and +3% y/y (expected +3%)

New Zealand Q3 consumer price index +1.0% vs PVS Qtr (Reuters poll +1.0%)

• +3.0% vs year ago (Reuters poll +3.0%)
• Consumer price index non-tradables +1.1% vs PVS qtr
• Consumer price index non-tradables +3.5% vs yr ago
• Core inflation +0.8% q/q and +2.5% y/y

The Reserve Bank of New Zealand is on a rate cut cycle, the Bank is concerned about growth.

Later today we’ll get the Reserve Bank of New Zealand’s own Sector Factor Inflation model data

• 2pm New Zealand time
• 0100 GMT / 2100 US Eastern time

This article was written by Eamonn Sheridan at investinglive.com.