RBNZ's personal most well-liked inflation mannequin three.four% y/y for Q3 2024 (prior three.6%)

Earlier right this moment we had the official CPI information from NZ:

• New Zealand Q3 CPI zero.6% q/q (anticipated zero.7%) & 2.2% y/y (anticipated 2.2%)
• RBNZ’s Silk says assured inflation will converge to 2% goal midpoint in medium time period

You possibly can see within the screenshot from the RBNZ beneath that their very own mannequin of inflation isn’t low because the StztsNZ CPI launched earlier.

You possibly can see the clear disparity between tradable and non-tradable inflation within the last 4 columns.

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The Financial institution by itself mannequin:

• We created the sectoral issue mannequin. It estimates the widespread part of inflation within the CPI basket, the tradable basket, and the non-tradable basket, based mostly upon separate components for the tradable and non-tradable sectors. The information excludes GST.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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