New Zealand Q1 2026 inflation: CPI q/q 0.9% (expected 0.8%) CPI 3.1% y/y (expected 2.9%)
This is just a data post.
New Zealand Q1 consumer price index
- +0.9% q/q (expected +0.8%, prior +0.6%)
- +3.1% vs year ago (expected +2.9%, prior +3.1%)
- Non-tradables +1.1% q/q
- Non-tradables +3.5% y/y
A shorthand way of thinking about 'non tradeables’ is domestically generated inflation.
I’ll have more to come on this separately, details and implications.
NZD jumped:
This article was written by Eamonn Sheridan at investinglive.com.