Two-year inflation expectations inch higher

(Image: Getty)

Mon, 11 Nov 2024

Two-year ahead inflation expectations ticked up slightly, but one-year expectations continue to slide in the Reserve Bank of New Zealand’s latest survey.The two-year-ahead inflation expectations increased from 2.03% to 2.12% compared to the August survey.The one-year-ahead inflation expectations, however, fell 35 basis points from 2.4% to 2.05%.Annual inflation was 2.2% in the September quarter, down from 3.3% in the June quarter. Still in the bandFarther out, the mean five-year-ahead annual inflation expectation increased by 17 basi...

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