NZ: Inflation Gauge up 0.1% in November – ANZ
|New Zealand’s ANZ Monthly Inflation Gauge was up 0.1% MoM in November notes the research team at ANZ.
Key Quotes
“It was supported by housing-related prices and accommodation services prices, partly offset by a fall in domestic airfares. Annual inflation in the Gauge was flat at 3.1%.”
“We expect annual non-tradable inflation to fall over the next year as recent transitory strength fades and a softer economy eases price pressure.”
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