New Zealand QoQ CPI inflation rises to 0.6% QoQ in Q1 vs. 0.6% expected

Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 0.6% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday. The figure was above the market consensus of 0.6%. 

Annualized CPI inflation in New Zealand came in at 4.0% YoY compared to the previous period’s 4.7%.