The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. This is a key way to measure inflation in New Zealand. A higher than expected reading should be taken as positive/bullish for NZD, while a lower than expected reading should be taken as negative/bearish for NZD. In Q2, the indicator is expected to grow from 0.1% to 0.6% QoQ and from 1.5% to 1.7% YoY.
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