NZ: Monthly Inflation Gauge rose 0.3% m/m in September - ANZ

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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