The Reserve Bank of New Zealand 'Sectoral Factor Model Inflation Gauge'

  • Q1 was 2.0% (revised up from)1.9% y/y
  • The RBNZ target band for core inflation is 1-3%

Earlier today we got the official inflation data for Q2:

NZD/USD has traded up after the CPI data earlier in the session and is making a renewed push higher after this RBNZ data release.

rbnz inflation sectoral