Prices slowed for housing & utilites (3.2 percent vs 3.3 percent in Q1); health (1.6 percent vs 1.7 percent); recreation & culture (1.2 percent vs 2.1 percent); and miscellaneous goods & services (2.6 percent vs 2.9 percent).
In addition, transport cost rebounded (1.5 percent vs -0.7 percent). On the other side, food prices advanced 3.7 percent, faster than a 3.3 percent rise in the prior period. The annual inflation rate in New Zealand decreased to 1.5 percent in the third quarter of 2019 from 1.7 percent in the previous period but above market expectations of a 1.4 percent gain. On a quarterly basis, consumer prices rose 0.8 percent over the previous period, following a 0.5 percent increase in the prior quarter.
It is the highest inflation rate in one year, above market expectations of 1.8 percent. In the seventies and eighties New Zealand had witnessed high rates of inflation . The Trading Economics Application Programming Interface (API) provides direct access to our data. Sales Tax Rate in New Zealand is expected to reach 15.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. The Laspeyres formula is generally used. Cost advanced faster for fruit and vegetables (19 percent vs 10 percent in June); non-alcoholic beverages (1.5 percent vs 1.4 percent), and restaurant meals and ready-to-eat food prices (3.9 percent vs 3.5 percent). TEForecast New Zealand's unemployment rate rose to 4.2 percent in the first quarter of 2020 from 4.0 percent in the previous period but below market expectations of 4.3 percent. Inflation Rate YoY On a quarterly basis, consumer prices dropped 0.5 percent on quarter, the first fall since Q4 2015, following a 0.8 percent increase in the first quarter of the year.Annual inflation rate in New Zealand increased to 2.5 percent in the first quarter of 2020 from 1.9 percent in the previous three months. Looking forward, we estimate Core Inflation Rate in New Zealand to stand at 1.10 in 12 months time. In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). On a monthly basis, food prices went up 1 percent, after a 0.7 percent gain in the prior month. Food prices in New Zealand eased to 2.9 percent in May of 2020 from 4.4 percent in the previous month. Food Inflation YoY It was the highest jobless rate since the last quarter of 2018, amid the coronavirus crisis as the number of unemployed people increased by 5 thousand to 116 thousand. Consumer prices fell at a four-and-a-half-year sharp rate of 0.48% in Q2 2020 over the previous quarter amid economic havoc wreaked by the Covid-19 pandemic, swinging from Q1’s 0.77% rise. On the other hand, fruit and vegetables prices rose at a softer pace (3.6 percent vs 2.7 percent). Food Inflation YoY This compares with averages of 2.4 percent in the 1990s, and averages of over 11 percent for the previous two decades. Looking forward, we estimate Interest Rate in New Zealand to stand at -0.25 in 12 months time. Year over Year compares the growth rate of the CPI from one period to the same period a year earlier. On a monthly basis, food prices dropped 0.8 percent, after a 1.0 percent gain in April. Cost advanced faster for fruit and vegetables (10 percent vs 3.6 percent in May); met, poultry and fish (3.9 percent vs 2.9 percent); grocery food (3.0 percent vs 2.8 percent); and non-alcoholic beverages (1.4 percent vs 0.8 percent). New to Forex Trading Guide ... overheating and rising inflation in the economic recovery phase. Food prices in New Zealand jumped to 4.1 percent in June of 2020 from 2.9 percent in the previous month. Inflation Rate YoY
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