NZ: Inflation Gauge up 0.1% in November – ANZ

New Zealand’s ANZ Monthly Inflation Gauge was up 0.1% MoM in November notes the research team at ANZ.

Key Quotes

“It was supported by housing-related prices and accommodation services prices, partly offset by a fall in domestic airfares. Annual inflation in the Gauge was flat at 3.1%.”

“We expect annual non-tradable inflation to fall over the next year as recent transitory strength fades and a softer economy eases price pressure.”