For the y/y its in at 2.8%
- the prior month's results were -0.4% m/m and 2.9% y/y
Official CPI data come from NZ only once a quarter, so this private gauge of inflation gets some attention
ANZ on the data today, in brief:
- In light of recent volatility, the headline Gauge is overstating the degree of inflationary pressure.
- Over the past three months, non-tradable prices (ex-accommodation) have increased 0.7%
- However, evidence that inflation is broadening is tentative at best.
