Inflation expectations are back in the band

(Image: Getty)

Mon, 13 May 2024

Inflation expectations are coming down, with the one-year ahead expectations hitting their lowest level since September 2021. Annual inflation is expected to be running at 2.73% on a mean basis in the year ahead, down from 3.22% in the prior survey conducted for the Reserve Bank of New Zealand (RBNZ).The RBNZ is mandated to keep inflation at 1% to 3%, focusing on the midpoint.Annual inflation is currently running at 4%. Meanwhile, the consumer prices index is now expected to at an annual rate of 2.33% two years from now versus 2.5% in...

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