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The ANZ Monthly NZ Inflation Gauge......>

NEW ZEALAND
NEW ZEALAND: The ANZ Monthly NZ Inflation Gauge rose a solid 0.6% m/m in July,
the strongest monthly print since January. The Gauge is up 2.5% y/y, 0.1%pts
above the pace recorded in June. Some strength is unsurprising after Q2
non-tradables CPI inflation came in stronger than implied by the Gauge. The
details do not suggest there is catch-up at play, but reaffirm that inflation
has come of its lows.
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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