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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
(MNI) Melbourne
New Zealand’s Consumer Price Index rose 5.6% y/y in the September quarter, down from Q2’s 6%, and below the market’s 5.9% expectation, and the Reserve Bank of New Zealand’s 6.0% forecast published in its last Monetary Policy Statement, Stats NZ data showed Tuesday.
CPI rose 1.5% q/q, while annual non-tradable inflation grew 6.3%. Annual tradable inflation rose 4.7%.
Food price rises drove the print. Milk, cheese and eggs grew 11.5% y/y, while bread and cereals rose 11.8% (see chart). Housing and household utilities increased 5.3% - home prices grew 5.1%, rents gained 4.4%, while property rates and related services rose 9.6%.
Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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