The index reflects the change in prices for goods and services from the point of view of the consumer. It is a key way to measure inflation in New Zealand. The data above the forecast strengthen NZD, and the data below the forecast affect the national currency negatively. Q1 index is expected to grow from 0.1% to 0.3% QoQ but will drop from 1.9% to 1.7% YoY.
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