Surging New Zealand CPI - " potent cocktail of strong demand and rising cost pressures"

Adding another response to the earlier data out of New Zealand.

New Zealand Q4 2021 CPI 1.4% q/q ( expected 1.3%)

This via Westpac:

• Inflation pressures are broad-based, boosted by a potent cocktail of strong demand and rising cost pressures,”
• Strong domestic demand means that price pressures could remain elevated even when the current overseas supply disruptions ease.
• This reinforces our expectation for a series of OCR hikes over the coming year

Earlier:

• Surging NZ inflation - RBNZ expected to hike at least another 7 times

• Reserve Bank of New Zealand monetary policy meeting on February 23 - risk of +50bps