<p>New Zealand CPI rose 1.8% qoq in Q1, below expectation of 2.0% qoq. For the 12-month period, CPI accelerated from 5.9% yoy to 6.9% yoy, below expectation of 7.1% yoy. That’s nonetheless
<ul><li>Prior was 590K (revised to 615K)</li><li>Sales up 8.0% vs -9.0% prior</li></ul><p>This bounce erases a sharp drop in November. Comments from home buil
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