RBNZ Sectoral Factor Inflation Model arrives at 3.4% YoY in Q3 2024

The Reserve Bank of New Zealand (RBNZ) released its Sectoral Factor Model Inflation gauge for the third quarter of 2024, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Wednesday.

The inflation measure continues to fall, arriving at 3.4% YoY in Q3 2024 vs. 3.6% in Q2.

The inflation measures are closely watched by the RBNZ, which has a monetary policy goal of achieving 1% to 3% inflation.

Oct 16, 2024

Japanese Yen remains on the front foot against USD, upside potential seems limited

The Japanese Yen (JPY) strengthened against its American counterpart on Tuesday and reversed a major part of the previous day's losses to the lowest level since early August.

UK CPI set to grow below 2% target in September, core inflation to remain high

The United Kingdom’s (UK) Office for National Statistics (ONS) will release the highly anticipated Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT.