New Zealand inflation data for Q2 2025 a little lower than expected
more to come
0.5% q/q
expected 0.6%, prior 0.9%
2.7% y/y
expected 2.8%, prior 2.5%
CPI tradeables 0.3% q/q
expected 0.5%, prior 0.8%
CPI Non tradeables 0.7% q/q
expected 0.7%, prior 1.1%
Both the kiwi $ and NZ yields have dropped on this data. I mentioned earlier a lower CPI would weigh on the NZD, and that it should be a boost for NZ stocks.
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This article was written by Eamonn Sheridan at investinglive.com.