Kiwi is bid to 0.7220 on the back of the New Zealand Consumer Price Index that has been released as follows: New Zealand inflation for Q4 2020: CPI 0.5% QoQ vs expected 0%, prior 0.7%). Quarterly change ”In the December 2020 quarter compared with the September 2020 quarter, the CPI rose 0.5 percent (0.6 with seasonal adjustment). Transport rose 3 percent, influenced by higher prices for purchase of vehicles (up 0 percent) and passenger transport services (up 7.9 percent). […] Housing and household utilities rose 0.5 percent, influenced by higher prices for purchase of housing (up 1.3 percent). Food fell 1.7 percent, influenced by lower prices for fruit and vegetables (down 12 percent).” Annual change From the December 2019 quarter to the December 2020 quarter, the CPI inflation rate was 1.4 percent.
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