The RBNZ's own inflation indicator for Q4 +1.8% y/y

This is the Reserve Bank of New Zealand's sectoral factor model.

Its measure of core inflation.

Q4 +1.8% y/y

• Q3 was +1.7%

Earlier were to official NZ CPI data for the fourth quarter last year:

• New Zealand inflation for Q4 2020: CPI 0.5% q/q (expected 0.2% q/q, prior 0.7%)

This also:

• New Zealand's Kiwibank no longer expects the RBNZ to take rates negative