ANZ in New Zealand prduce a monthly inflation measure. For March:

  • -0.2% m/m (down for the second month in a row)
  • 2.9% y/y
  • Underlying measure (ex-housing) -0.4% m/m

ANZ says the indicator shows price pressures "remain elusive outside of housing"

underlying inflation picture remains soft


This ANZ indicator is produced by the bank as a guide to broad trends in NZ non-tradable CPI inflation