RBNZ’s own CPI indicator 5.8% y/y (prior 5.6%) – this is its Sectoral Factor Model

more to come

• The Reserve Bank of New Zealand Sector factor model. Says the Bank of its own model:
  We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate factors for the tradable and non-tradable sectors. The data excludes GST.