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MNI BRIEF: NZ Q4 Inflation At 2.2% Y/Y

MNI (MELBOURNE) - New Zealand’s Q4 inflation printed at 2.2% y/y, 10 basis points higher than expected and flat against Q3, while tradeable inflation grew 0.3% q/q, up 20bp on expectations, Stats NZ data showed Wednesday. 

Non-tradeable inflation grew 0.7% q/q, 10bp lower than expected and down from Q3’s 1.3% q/q increase. 

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MNI (MELBOURNE) - New Zealand’s Q4 inflation printed at 2.2% y/y, 10 basis points higher than expected and flat against Q3, while tradeable inflation grew 0.3% q/q, up 20bp on expectations, Stats NZ data showed Wednesday. 

Non-tradeable inflation grew 0.7% q/q, 10bp lower than expected and down from Q3’s 1.3% q/q increase. 

Keep reading...Show less