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The ANZ Monthly Inflation Gauge was.....>

NEW ZEALAND
NEW ZEALAND: The ANZ Monthly Inflation Gauge was up 0.3% m/m in June, "largely
supported by insurance and housing-related price gains. Annual inflation in the
Gauge ticked up to 2.8% from 2.7%. But it's increasingly looking like domestic
inflationary pressures have peaked for now. For the June quarter, the Gauge is
pointing to a soft 0.2% q/q rise in non-tradable inflation, which would be the
lowest CPI non-tradable outturn since June 2017. The Gauge has come within
0.2%pts for 13 of the last 14 Stats NZ non-tradable inflation outturns."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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