NZ CPI Preview: Bulls seeking a catalyst for an upside extension to 0.7235
Article summary
By Ross J Burland New Zealand has bounced back rapidly after the shock of the Covid-19 lockdowns last year. The data is likely to show that food prices have eased off from their winter highs and that travel-related prices would be a smaller than usual contribution pertaining to behavioural habits. […] ”We expect some areas of price rises on the back of supply disruption, less discounting, and payback from last quarter’s very weak print as measurement issues ease. But underlying inflation will remain weak, reaffirming a cautious stance from the Reserve Bank of New Zealand.” Meanwhile, analysts at Westpac explained that the economic activity in New Zealand has bounced back rapidly after the shock of the Covid-19 lockdowns last year. […] Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.
