More NZ inflation data, this time the RBNZ's preferred inflation measure

Author: Eamonn Sheridan | Category: Central Banks

Earlier today we got the official CPI data for NZ for Q1

The Reserve Bank of New Zealand publish their preferred inflation number, the "Sectoral factor model", which Governor Wheeler says is one of their preferred measures of core inflation.

Like the official data its published once a quarter, and today's the day.
  • Comes in 1.5% y/y, for the Q4 2016 (i.e. the prior) it was 1.5% also (in fact for the 1st, 2nd and 3rd quarters of 2016 it was 1.5% also)