This is just a data post.
New Zealand Q1 consumer price index
- +0.9% q/q (expected +0.8%, prior +0.6%)
- +3.1% vs year ago (expected +2.9%, prior +3.1%)
- Non-tradables +1.1% q/q
- Non-tradables +3.5% y/y
A shorthand way of thinking about ‘non tradeables’ is domestically generated inflation.
I’ll have more to come on this separately, details and implications. ADED:
- result underscores the stickiness of inflation
NZD jumped:
This article was written by Eamonn Sheridan at investinglive.com.
