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16 Oct 2024
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.