RBNZ’s own inflation model to 1.4% y/y (at the bottom of the official CPI)

Earlier today, we had the New Zealand, inflation data from statistics agency:the New Zealand Q3 CPI 0.5% q/q (expected 0.4%)

  • (y/y at 1.9%)

The Reserve Bank of New Zealand Sectoral factor model » of inflation has come in at 1.4% y/y. The sectoral core factor model of inflation is one of the many series that the Reserve Bank uses to help interpret the evolution of inflation. The Bank uses these measures of «core» inflation, the bank says the gauge here is one of their preferred measures.
Thus, while the title was, remains well controlled.

In the meantime, the NZD/USD is back towards its early session low. The EUR/USD is also a biggest loser today:

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