Free Trial

Median Household Inflation Expectations Stay Unchanged For Most Time Horizons

RBNZ

The RBNZ's quarterly survey of household inflation expectations showed that consumers were no longer anticipating quicker price growth across the forecast horizon. Median perceptions of current inflation as well as 1-year and 2-year out inflation expectations stayed unchanged in the third quarter, while respective means slipped. Both median and mean values of inflation expectations for 5 years ahead fell.

  • In other news, the net share of households expecting higher house prices halved to 15.8%. The median of entries for expected 1-year out house price inflation stayed at zero, while the mean value fell to +1.1% Y/Y.
  • Worth noting that the latest REINZ House Price Index report released Thursday showed that the median property price fell across New Zealand in July, which was "the first decrease in annual median price movement for New Zealand overall since July 2011."
  • The full summary of the RBNZ's Q3 survey of household expectations cane be found here. It is one of the final data signals ahead of the Reserve Bank's monetary policy review next week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.