RBNZ’s own inflation data: 5.4% y/y in Q3 (from 5.2% prior)

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Eamonn Sheridan

We had the official inflation data for Q3 earlier, surging!

This prompted a series of revisions for the RBNZ path ahead, higher:

Reserve Bank of New Zealand Sector factor model. Says the Bank of its own model:

  • We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate factors for the tradable and non-tradable sectors. The data excludes GST.

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