New Zealand fourth-quarter (Q4) Consumer Price Index has been released.

Consumer Price Q4 Index

• 23-Jan-2020 15:45:11 - NZ Q4 CONSUMER PRICE INDEX NON-TRADABLES +3.1 PCT VS YR AGO
• 23-Jan-2020 15:45:11 - NZ Q4 CONSUMER PRICE INDEX +1.9 PCT VS YEAR AGO (REUTERS POLL +1.8 PCT)
• 23-Jan-2020 15:45:11 - NEW ZEALAND Q4 CONSUMER PRICE INDEX +0.5 PCT VS PVS QTR (REUTERS POLL +0.4 PCT)
• 23-Jan-2020 15:45:11 - NZ Q4 CONSUMER PRICE INDEX NON-TRADABLES +0.6 PCT VS PVS QTR

Ahead of the data, analysts at ANZ bank explained that the key piece of information will be the non-tradable print. More to come...

Price Analysis, before and after

Before: Price Analysis NZD/USD: CPI coming up, bulls look to 50% mean reversion, bears, 61.8% Fibo

After:  NZD/USD has rallied on the better than expected data. More to come...

Description

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

NZD/USD implications

More to come...