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