New Zealand CPI came in better than expected, 0.7% QoQ & 1.5% YoY, Kiwi surges to 0.6320

Consumer Price Index data has arrived and was expected to have risen by 0.6% quarter on quarter, (QoQ),1.4% year on year, (YoY), which crosses the market consensus .

The data has arrived as follows: 

• 0.7% vs 0.6% expected and previous QoQ/ Q3.
• 1.5% vs 1.4% expected 1.7% and previous YoY/Q3.