NZ Q1 inflation data: 0.8% q/q (expected 0.4%)

January to March 2020 CPI data from New Zealand, much higher than expected

CPI % q/q

• expected 0.4% q/q, prior 0.5%

CPI 2.5% y/y

• expected 2.1% y/y, prior 1.9%

Data is mostly prior to the lock down that'll see inflation lower in the months ahead.

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On COVID-19:

• See here for global coronavirus case data