New Zealand Q3 PPI rises sharply from Q2

<p>Evidence of continuing higher price pressure in this data. The Reserve Bank of New Zealand has paused its rate hike cycle as consumer level inflation has turned lower. This data indicating pipeline pressure for higher prices will not be welcomed by the bank. The next RBNZ policy meeting is November 29. This data point is not enough, by itself, to restart the hikes. </p><p>I posted background information on the PPI <a href="https://www.forexlive.com/news/economic-calendar-in-asia-17-november-2023-new-zealand-singapore-data-20231116/" target="_blank" rel="follow">here earlier</a>. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.