ANZ's NZ Monthly Inflation Gauge + 0.6% m/m in July, strongest since January

ANZ New Zealand with their monthly inflation gauge

Like Australia, official NZ inflation is only once a quarter, so this sort of data fills in the blanks between releases

• +0.6% m/m, and +2.5% y/y

ANZ comments;

• Confirms inflationary pressure gradually firming up

-

The ANZ gauge assess inflation in non-tradables

-

Due later from NZ;

• The (not) secret data coming up from New Zealand today and why its important

(due at 0300GMT, RBNZ inflation expectations … this is a data point that can move the NZD)