New Zealand CPI 0.4%

Inflation increased in New Zealand for the June quarter. The consumer price index (CPI), a leading indicator of inflation grew to 0.4% compared to a negative growth of 0.3% in March.

Other key points include:

• Quarterly rise of 0.4 percent on higher petrol prices
• Quarterly non-tradable inflation lowest since the December 2009 quarter
• Annual inflation at 0.3 percent influenced by housing-related costs
• CPI analytical series
• Seasonally adjusted CPI rise of 0.3 percent in the quarter 
• Field prices now collected electronically

The full report can be found here.