New Zealand monthly inflation measure 0.3% m/m and 2.8% y/y

ANZ conduct a survey for NZ inflation once a month. Official CPI is only once a quarter in NZ.

up 0.3% m/m in June

up to 2.8% in June (from 2.7% in May)

ANZ remarks:

  • it’s increasingly looking like domestic inflationary pressures have peaked for now
  • For the June quarter, the Gauge is pointing to a soft 0.2% q/q rise in non-tradable inflation, which would be the lowest CPI non-tradable outturn since June 2017.


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