New Zealand November ANZ commodity price index +4.3% vs +1.2% m/m prior

Author: Adam Button | Category: News

Monthly commodity price data from ANZ

  • Largest gain since Sept 2016
  • Up 12.4% y/y
  • Beef prices surged 19% m/m on supply shortages abroad
  • Kiwifruit prices rose 3.3% m/m
  • NZD index +3.5% m/m

The data is from the world price index, which is demoninated in USD.

This is a low-tier indicator but it's another good sign for the New Zealand dollar.

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