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Tara-ā-Whare Household Expectations Survey November 2023
The field work for the Tara-ā-Whare Household Expectations Survey for this quarter started on the same day as Stats NZ’s CPI release on 17th October 2023. The annual CPI inflation for the September 2023 quarter was measured at 5.6%, compared to 6.0% in the previous quarter. Average household expectations for one-year-ahead CPI inflation decreased to 5.5% this quarter, compared to 6.0% last quarter. The median estimate for one-year-ahead inflation expectations remained at 5.0% (see Figure 1). Household expectations for CPI inflation in two years’ time declined slightly to 3.2% this quarter, compared with 3.3% last ... (full story)