NZ inflation stalled unexpectedly - UOB

Analysts at UOB explained that New Zealand’s inflation report stalled unexpectedly yesterday in the second quarter, in a sign that falling oil prices were hampering cost pressures throughout the economy. 

Key Quotes:

"CPI was zero in the second quarter, following a 1% increase in the March quarter. Food prices rose 0.7% during the quarter, while household utilities costs climbed 0.8%. 

Transport prices were down 1.3%. 

Annual inflation rose 1.7%, following a 2.2% increase the previous quarter that was higher than expected."

Inflation dragon gone into hibernation? - ANZ