New Zealand inflation expectations have jumped to their highest since April 2023

New Zealand ANZ-Roy Morgan Consumer Confidence survey for June 2025

• Consumer confidence lifted 6 points to 98.8 in June (92.9 in May)

Worryingly for the Reserve Bank of New Zealand, ANZ says

• Inflation expectations lifted 0.3pts to 4.9%, the highest since April 2023. That’s probably got quite a lot to do with food price inflation, which is running at 4.4%

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