October - December quarter inflation data from New Zealand
CPI 0.1% q/q
- expected 0.4%, prior 0.5%
CPI 1.6% y/y
- expected 1.9%, prior 1.9%
BIG DROP in Q4 inflation, to +0.1% on the quarter from +0.4% in Q3
- NZD marked lower immediately.
- That 0.1% and 1.6% is quite a shock, way under the consensus forecasts.
Q4 trimmed mean
- 1.5% y/y from 1.7% y/y in Q3
Weighted median
- 2% y/y, was 2% also in Q3
More info:
- 'Tradeable' inflation -0.3% q/q and +0.5% y/y
- Non tradeable +0.5% q/q and +2.5% y/y
I'll add more on this to a separate post a little later
