NZ: Monthly Inflation Gauge up 0.2% in October – ANZ

Analysts at ANZ note that New Zealand’s ANZ Monthly Inflation Gauge was up 0.2% m/m in October, supported by accommodation services, domestic airfares, and electricity price increases.

Key Quotes

“Annual inflation in the Gauge was flat at 3.1%, but a slowing economy and fading transitory strength should see annual non-tradable inflation fall over the next year.”