ab 17 August 2026 Powered by YES UBS Evidence Lab Global Research New Zealand Economic Comment Inflation & inflation expectations still high; even on modest spending & home price outlook Selected prices slow to 3.9% y/y in July (from 5.2%), as fuel eases UBS aggregation of the Selected Prices Index for Jul-26 fell -0.1% m/m (after 0.3% m/m; non-seasonally adjusted), & the y/y eased to 3.9% (after 5.2%). The monthly data is overweight on volatile items, and recent price movements for energy and transport hav ...