Economists forecast 4.1% June quarter inflation, a touch below RBNZ’s projection
Economists in New Zealand have revised their June quarter inflation forecasts to 4.1%, slightly lower than the Reserve Bank's 4.2% projection. While food prices saw monthly gains, other categories like rent and airfares showed signs of moderation.
Why it matters
Inflation forecasts are crucial for central bank policy decisions and understanding the broader economic health of the nation.
Many bank economists are projecting inflation, as measured by the Consumers Price Index (CPI), will be a smidge below the Reserve Bank’s June quarter projection of 4.2%.
The article relies on data from financial institutions and government statistics without editorializing.
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