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Survey of Expectations (Business) – February 2024
This quarter, the Survey of Expectations went into the field on 25th January 2024, following the Stats NZ’s Consumers Price Index (CPI) release on 24th January 2024. Annual CPI inflation for the December 2023 quarter was measured at 4.7%, a decline from last quarter’s 5.6% annual inflation. Respondents’ expectations for CPI inflation have declined across short, medium, and long terms. The two-year-ahead, five-yearahead and ten-year-ahead annual inflation expectations decreased from last quarter’s mean estimates and remained within the 1- 3% inflation target band (see Figure 1). Short-term and medium-term CPI ... (full story)
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New Zealand 2Yr Inflation Expectation Q1: 2.50% (prev 2.76%)
— LiveSquawk (@LiveSquawk) February 13, 2024
- 1Yr Inflation Expectation: 3.22% (prev 3.60%)
- Monetary Conditions Current: 97.37% (prev 91.89%)
- Monetary Conditions Next Quarter: 84.21% (prev 72.97%)
- Monetary Conditions 1Yr: 62.16% (prev 37.84%)