RBNZ's own inflation measure for Q3 2023 is +5.2% y/y (vs. prior +5.7%)

<p>The sectoral factor model is the Reserve Bank of New Zealand's own preferred inflation measure, it dropped back significantly in the September quarter:</p><p>The Bank on its own model:
</p><ul><li>We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate factors for the tradable and non-tradable sectors. The data excludes GST.</li></ul><p>Earlier today we had the official CPI data from NZ:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-q3-cpi-18-qq-2-expected-20231016/" target="_blank" rel="follow" data-article-link="true">New Zealand Q3 CPI +1.8% q/q (+2% expected)</a></li><li><a href="https://www.forexlive.com/centralbank/anz-new-zealand-expect-rbnz-rate-hike-in-february-2024-previously-expected-november-2023-20231016/" target="_blank" rel="follow" data-article-link="true">ANZ New Zealand expect RBNZ rate hike in February 2024, previously expected November 2023</a></li></ul>

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