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1. StatsNZ released a range of monthly price indicators for NZ for June. We will provide a full Q2 CPI preview to our Professional subscribers.
Food prices rose +1.2% m/m in June, led higher by volatile fruit & vegetable prices (+5% m/m). In seasonally adjusted terms food prices rose +0.45% m/m.
2. Kiwi food prices rose a strong +1.6% q/q in Q2 in both original and seasonally adjusted terms according to the monthly indicator.
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