NZ data - ANZ's indicator of price trends for New Zealand's 17 main commodity exports
- down 2.1% m/m for its fourth month down
- down 5.5% y/y
In NZD terms
- +3.3% m/m
- +6.2% y/y
- rises due to a falling NZ dollar. NZ exporters have to pay all their local biills (wages etc) in NZD, so rises in NZD terms is beneficial