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NZD: Monthly inflation gauge posted a 0.6% increase in January - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Cameron Bagrie, Chief Economist at ANZ, suggests that their NZ monthly inflation gauge posted a 0.6% increase in January, slightly lower than is typical for this time of year.

    Key Quotes

    “Prices from the Gauge have risen 0.5% in the last three months.

    Stripping out the January increase in tobacco prices left a 0.1% monthly increase (+0.4% 3m/3m). Prices in the Underlying Ex-housing Gauge rose 0.1% in January (+0.2% 3m/3m).

    Core inflation remains low in aggregate and we believe structural factors are partly at play. However, some evidence of capacity pressures filtering into inflation needs to be acknowledged and watched.”
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