Data due from Asia today - heads up for NZ CPI at 2145GMT

New Zealand Q4 CPI data is due at 2145GMT

CPI q/q

– expected is -0.2% and prior was +0.3%

CPI y/y

– expected is 0.3%, while prior was 0.4%

While NZ CPI normally drops in the final quarter of the year (seasonal effects), expectations are for the fall to be greater – due to the widespread weakness  in commodities (notably oil) as well as indications of falling food prices.

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