NZ Q3 CPI 2.2% q/q (expected 1.6%)

New Zealand 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 the July, August, and September quarter.

2.2% q/q

• expected 1.6%, prior 1.7%
• rents, building costs are key drivers of the surge

7.2% y/y

• expected 6.6%, prior 7.3%

Domestic inflation (i.e. non-tradeables) is +2% q/q and +6.6% y/y (the y/y is the highest since the series began in June 2000)

• Non-tradeable inflation measures goods and services that do not face foreign competition. It is an indicator of domestic demand and supply conditions (ps. this is a simplified description)

Tradeables inflation +8.1% y/y (prior +8.7)

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The inflation data will keep RBNZ rate hikes on the boil. The highest ever y/y reading for domestic inflation will ensure that. The q/q smashing expectations and jumping even higher from Q2 will lock it in.

There is only more meeting this year, then a 3 month wait for the next: