New Zealand – ANZ Commodity Price index for March +3.9% m/m (vs. prior +3.9%)

The ANZ World Commodity Price Index hit a new record in March

• + 3.9%
• In local currency terms, the index gained just 0.5%, as local returns were eroded by a 3.1% gain in the trade weighted index (TWI)

ANZ comments:

Prices are very strong across most commodities, but none of the sub-indices are currently at record levels.