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25 Jan 2023
RBNZ: Annualized Q4 Sectoral Factor Model Inflation accelerates by 5.8%
The Reserve Bank of New Zealand (RBNZ) released its Sectoral Factor Model Inflation gauge for the fourth quarter of 2022 this Wednesday.
The gauge climbed further to 5.8% YoY in Q4 2022 vs. 5.6% seen in Q3.
In early Asia, New Zealand’s Consumer Price Index (CPI) rose by 1.4% QoQ in the fourth quarter, beating expectations of a 1.3% increase. Meanwhile, the annualized inflation steadied at 7.2% but bettered estimates of 7.1%.