ANZ in New Zealand prduce a monthly inflation measure. For March:
- -0.2% m/m (down for the second month in a row)
- 2.9% y/y
- Underlying measure (ex-housing) -0.4% m/m
ANZ says the indicator shows price pressures "remain elusive outside of housing"
underlying inflation picture remains soft
--
This ANZ indicator is produced by the bank as a guide to broad trends in NZ non-tradable CPI inflation
