New Zealand Q2 Inflation Unchanged On Quarter

New Zealand Q2 Inflation Unchanged On Quarter

New Zealand Q2 Inflation Unchanged On Quarter

Food prices rose 0.7% during the quarter, while household utilities costs climbed 0.8%.

"If anything, inflation is tracking below the bank's projections, given the combination of a stronger NZD and lower oil prices since the May MPS".

On a yearly basis, consumer prices were up 1.7 percent - also below forecasts for 1.9 percent and down from 2.2 percent.

Drilling Down Into Whiting Petroleum Corporation (WLL)
BidaskClub raised Marathon Petroleum Corporation from a hold rating to a buy rating in a research report on Thursday, July 6th. Finally, Koch Industries Inc. bought a new stake in Whiting Petroleum Corporation during the first quarter valued at $138,000.

The quarterly figure came in at 0.0 percent growth for 2Q of 2017, compared to 0.2 percent expected and 1.0 percent seen in the previous quarter. The average price of 1 litre of 91 octane petrol was $1.86 in the June quarter, down from $1.90 in the March quarter but up from $1.78 in the June quarter a year earlier. The next Reserve Bank of New Zealand rate decision meeting is scheduled for August 10.

Dales says the weak inflation report "should prompt the markets to conclude that interest rates are unlikely to be raised next year". "That probably won't happen until 2019", he said. The figures may dispel speculation the RBNZ would be encouraged to hike rates in keeping with central banks such as Canada's.

Overall the transport sector - which includes fuel and other services such as airfares - fell 1.3 percent on quarter and showed an annual rise of 1.2 percent. Vegetables prices rose 19 percent for the year, with higher prices for lettuce, kumara, and broccoli. In year-on-year numbers, telecommunication prices led the way lower, losing 4.6 percent. Prices for new housing rose 1.8 percent in the June quarter for an annual increase of 6.4 percent.

Debate Over Texas Bathroom Bill Isn't Going Away Anytime Soon
Opponents argue the measure not only discriminates against LGBT Texans but it would cost the state's economy billions of dollars. He said whether he would vote in favor would depend on the language of the bill.

"Household basics like rent, food and electricity all hit consumers pockets harder this quarter".

The RBNZ's inflation target band is 1-3%. Dairy export prices helped Wellington post its best terms of trade in 44 years during the quarter. Seasonally higher prices for electricity (up 1.5 percent) were the second-highest contributor for the housing group.

#17Jul MUD anunciará este lunes la "hora cero"
En Santiago y Punta Cana también hubo participación masiva. "Cuando ganó Maduro (...) votó menos gente que hoy". En aprobación de la Constitución , dijo Borges, participaron más de 4 millones y medio de venezolanos.

Related news