8thNovember 2023
Wednesday
In a notable development, New Zealand is gearing up tounveil its Inflation Expectations q/q report on Wednesday, November 8th, 2023.
NZD - InflationExpectations q/q
Anticipated future inflation can trigger real inflation when employees demand higher wages in anticipation of rising prices.
In New Zealand, inflation expectations for the third quarter of 2023 increased to 2.83 percent from the 2.79 percent recorded in the second quarter of 2023. This followed a historical trend, with inflation expectations in the country averaging 2.53 percent between 1987 and 2023. The highest recorded inflation expectation occurred in the third quarter of 1987 at 8.30 percent, while the lowest point was reached in the second quarter of 2020 at 1.24 percent.
The Inflation Expectations q/qdata is scheduled for release on Wednesday, November 8th, 2023, at 02:00AM GMT.
The projected figure for InflationExpectations q/q stands at 2.6%, signifying a decline from the previous rate of 2.83%.
Last time, the New Zealand Inflation Rate wasannounced on the 9th of August, 2023. You may find the marketreactiongraph (NZDUSD M1) below:
