ANZ New Zealand monthly inflation gauge remains flat in April
ANZ New Zealand monthly inflation gauge remained flat in April. Pricing within the measure continues to show a wedge between increasing costs for housing versus flat-lining prices for most other products and services. Th…
ANZ New Zealand monthly inflation gauge remained flat in April. Pricing within the measure continues to show a wedge between increasing costs for housing versus flat-lining prices for most other products and services. The Gauge was up 0.8 percent and 2.2 percent year-on-year (3-month average).
The housing and household utilities group continues to give the main boost for the Gauge. Purchase of housing was up 0.3 percent, while rents rose further a 0.4 percent in April. Electricity and recreational & sporting services also provided positive contributions. Domestic airfares and accommodation services were the major negative contributions.
The underlying ex-housing gauge dropped 0.1 percent in April, following three flat monthly outcomes. It is down 0.1 percent on three months prior. Out of the 36 groups in the Gauge, five rose, five dropped, whereas 26 stayed the same in the month. Any inflationary nuances continue to be narrowly focused in a few pockets throughout the economy.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
