The ANZ Monthly Inflation Gauge of New Zealand economy rose 0.3% m/m in September (2.9% y/y), notes the research team at ANZ.
Key Quotes
“On a quarterly basis, the Gauge rose 1.4% in Q3. There is some noise in the quarterly movement, such as payback from a weak Q2 signal and new-look accommodation services.”
“Aside from this, seasonal price rises and ongoing housing-related price pressures are keeping the Gauge ticking along.”
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