New Zealand’s Q2 CPI rose 4.1% year-over-year
and 1.5% quarter-over-quarter, exceeding forecasts.
The RBNZ’s own estimate was 3.9%. The increase was largely driven by petrol and diesel prices
The RBNZ’s sectoral factor model, a measure of underlying inflation, is due for release.
This model provides a cleaner read on the economy-wide inflation trend, filtering out price moves specific to individual goods or services.