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