New Zealand data: August Food Price Index +1.1% m/m (prior +2.1%)

[forex4you]

New Zealand data: August Food Price Index +1.1% m/m (prior +2.1%)

<p>This data point tends to have a fleeting impact on the New Zealand dollar upon release. </p><p>Of note in this release is a slowing in the rate of price rises measured. Its only one reading, but it fits in the slowing of inflation we are seeing some signs of around developed markets. </p><p>The immediate outlook for most DM central banks is for further rate hikes, but they will begin to slow soon. </p><p>The next Reserve Bank of New Zealand meeting is October 5:</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: New Zealand data: August Food Price Index +1.1% m/m (prior +2.1%)

forexlive.com