RBNZ inflation data +1.7% y/y (prior +1.7%)

For the March quarter of 2019

Earlier we got NZ official CPI:

• New Zealand Q1 CPI : 0.1% q/q (expected 0.3% and 1.5% y/y (expected 1.7%)

• Substantial drop for the NZD on CPI data coming in much lower than expected

The RBNZ's measure is a measure of core CPI, the sectoral factor model, and its a preferred indicator for the Bank. Its come in unchanged from the December 2018 reading.

This data point can be an NZD mover, but only only when its a bit of a surprise, coming in in in line with previous is not an event.

NZD is little changed.