RBNZ models point to progress in war on inflation

(Image: Getty)

Thu, 25 Jan 2024

Data from the Reserve Bank of New Zealand late Wednesday confirmed it is winning the war on inflation, but the battle isn’t over yet. The Reserve Bank of NZ’s (RBNZ) so-called factor model showed inflation at 3.9%, down from 4.9% in the prior quarter. The sectoral factor model was 4.5% versus 5.2% in the prior quarter and the lowest since 2021.The RBNZ’s two models track the underlying trends across all consumer price index (CPI) components, which helps understand the general strength of inflation pressure. Th...

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