New Zealand inflationary pressures moderated-more-than expected in the September quarter, taking the wind out of the NZD/USD’s sails following the expected election victory from the National Party-led coalition over the weekend. New Zealand inflation strong but it could have been worse Headline consumer price inflation (CPI) rose 1.8% in the September quarter, down two-tenths on expectation, seeing the annual rate slow to 5.6%. Non-tradable prices – typically reflecting domestic factors – rose 1.7% for the quarter, a tenth slower than the 1.8% increase reported for tradable items. Of more importance to the RBNZ ... (full story)