ANZ Bank out with their latest inflation gauge for New Zealand

July inflation gauge published by ANZ Bank shows rise of 0.4% m/m and 2.5% y/y. This gauge is designed to provide a directional signal of broad trends in non-tradable CPI inflation. That signal looks to be going in the right direction. The readings are higher than prior but ANZ comments that inflation pressures remain subdued.
ANZ Bank out with their latest inflation gauge for New Zealand