FXStreet (Bali) - RBNZ Q3 sectoral factor model inflation gauge has risen to +1.5% (highest since Q1 2012) vs +1.4% prior in Q2, Bloomberg reports, referring to the M1 Prices indicator released by the RBNZ website, which according to RBNZ Governor Wheeler, is one of their preferred tools available to measure core inflation.
New Zealand released, at the close of the NY markets, higher-than-expected official CPI figures for Q3. New Zealand Consumer Price Index (YoY) came in at 0.4%, above expectations (0.3%) in 3Q, while QoQ, was also above expectations at 0.3% vs 0.2% exp.
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