New Zealand: Signs of a generalised lift in inflation remain elusive – ANZ

In its latest note, the analysts at ANZ bank offered some thoughts on their own monthly New Zealand inflation measure.

Meanwhile, New Zealand’s Food prices inflation data for the month of December arrived at -0.8% m/m versus -0.4% prior.

Key Quotes:

“Path of inflation from here is not clear

Housing has been driving what non-tradable inflation there is

Housing market has now slowed

... but rents are rising "and they have a hefty weight in the CPI"