RBNZ's own inflation data: 5.4% y/y in Q3 (from 5.2% prior)

We had the official inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data for Q3 earlier, surging!

• NZ Q3 CPI 2.2% q/q (expected 1.6%)

This prompted a series of revisions for the RBNZ path ahead, higher:

• Forecasts for RBNZ rate hikes are being ramped higher after surging inflation report (ANZ, ASB, Kiwibank)
• BNZ are now forecasting a 75bp Reserve Bank of New Zealand rate hike on November 23
• Westpac are forecasting a 75bp Reserve Bank of New Zealand rate hike on November 23

Reserve Bank of New Zealand Sector factor model. Says the Bank of its own model:

• We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate factors for the tradable and non-tradable sectors. The data excludes GST.