RBNZ Core Inflation Model rises by 1.9% YoY in Q1 2021, Kiwi unfazed below 0.72

The Reserve Bank of New Zealand (RBNZ) released its Sectoral Factor Model Inflation gauge for the first quarter of 2021 after the publication of the official consumer price index (CPI) by the NZ Stats early Wednesday.

The gauge rose by 1.9% YoY in Q1. The inflation measures are closely watched by the RBNZ, which has a monetary policy goal of achieving 1% to 3% inflation.

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