New Zealand quarterly producer price index data
- Highest since 2008
- Prior was +1.2% q/q
- Input +3.0% q/q vs +2.1% prior
Those are both +10% annualized paces and are obviously a big reason why the RBNZ is considering hiking rates today. That said, New Zealand is a price taker in the global market and hiking rates isn't going to do much to lower the price of imports.
