Statistics NZ

Although the latest CPI inflation data wasn't as worrying as it could have been, economists still see more OCR increases ahead

Although the latest CPI inflation data wasn't as worrying as it could have been, economists still see more OCR increases ahead

Annual inflation hits 4.1% in the June quarter with petrol leading the way

Annual inflation hits 4.1% in the June quarter with petrol leading the way

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

Stats NZ's latest Selected Price Indexes figures show petrol and diesel prices continue to dip month-on-month, food prices still rising with annual milk prices increasing every month for the last two years

Stats NZ's latest Selected Price Indexes figures show petrol and diesel prices continue to dip month-on-month, food prices still rising with annual milk prices increasing every month for the last two years

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

Estimated net migration turned negative in May as more people left the country long term than arrived

Estimated net migration turned negative in May as more people left the country long term than arrived

Auckland's residential construction industry may have to increase capacity by 20% over the next two years to keep pace with the number of new homes being consented

Auckland's residential construction industry may have to increase capacity by 20% over the next two years to keep pace with the number of new homes being consented

Almost 40,000 new homes consented in May year, a 19% increase year-on-year

Almost 40,000 new homes consented in May year, a 19% increase year-on-year

Less money is being spent on residential building alteration work, non-residential work more resilient

Less money is being spent on residential building alteration work, non-residential work more resilient

Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’

Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

Petrol and diesel prices dip month-on-month, food prices rise 1% due to global milk prices increasing in May

Petrol and diesel prices dip month-on-month, food prices rise 1% due to global milk prices increasing in May

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year