The New Season of the New Zealand Consumer Price Index (CPI)!Deltafx Admin 30 January 2023
The Consumer Price Index (CPI) measures changes in the prices of goods and services from the perspective of consumers. This index is an important tool for measuring changes in purchasing power and inflation trends.
The release of a value that is higher than expected should be considered positive/bullish for the NZD, while the report of a value that is lower than expected should be considered negative/bearish for the NZD.
New Zealand quarterly figures CPI were released at 9:45 am on January 24 and came in at 1.4%, 0.1% above expectations. In the previous period, this index was 2.2%.
After this index was published higher than expected, the New Zealand dollar saw a slight increase.