Downside risks to inflation are emerging

Inflation may finally be cooling, the latest monthly data on selected goods and services suggest. (Image: Getty)

Fri, 14 Jun 2024

May’s selected price indexes were weaker than expected, suggesting downside risks to inflation forecasts and upside risks to rate cuts.“Pricing pressures are cooling. Monetary policy is working,” said ASB Bank senior economist Kim Mundy.The selected prices indexes provide monthly price changes for a selection of goods and services that NZ households buy. The weaker-than-expected data means "annual CPI inflation remains on track to fall below 3% before year-end". "This could provide scope for the RBNZ t...

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