RBNZ's own CPI indicator 5.8% y/y (prior 5.6%) - this is its Sectoral Factor Model

RBNZ have published their inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data.

• The Reserve Bank of New Zealand Sector factor model. Says the Bank of its own model:
  We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate factors for the tradable and non-tradable sectors. The data excludes GST.

Earlier today we had the official CPI data from NZ:

• New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)
• NZ Q4 CPI higher than expected. Later today the RBNZ releases its own CPI data, stay tuned

Analyst response has been to dial back hawkishness from the RBNZ:

• ANZ New Zealand revise forecasts for RBNZ rate hikes ahead - lower terminal rate seen
• New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.

I do wonder if doing so is a little premature.