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NEW ZEALAND: Food Prices Rise Modestly In Dec, Other Segments Still Y/Y Negative

NEW ZEALAND
New ZealandBulletAPACFixed Income BulletsForeign Exchange BulletsMarkets

Food prices up 0.1%m/m, offsetting Nov's -0.1% dip. We were 1.5% y/y, after a 1.3% gain in Nov for food prices.

In terms of other monthly price items, petrol rose 1.5%m/m, same pace as Nov. Domestic air travel was +0.3%, slower than Nov, but international air travel was +29.6%m/m. Accommodation was -4.6%m/m. In y/y terms, petrol and international air travel are still negative. Accommodation slowed to 1.0% from 5.5% prior.

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Food prices up 0.1%m/m, offsetting Nov's -0.1% dip. We were 1.5% y/y, after a 1.3% gain in Nov for food prices.

In terms of other monthly price items, petrol rose 1.5%m/m, same pace as Nov. Domestic air travel was +0.3%, slower than Nov, but international air travel was +29.6%m/m. Accommodation was -4.6%m/m. In y/y terms, petrol and international air travel are still negative. Accommodation slowed to 1.0% from 5.5% prior.