RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y By Reuters

Stock market today: Dow ekes out win as inflation cools, Tesla leads growth stocks up

RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y

Economy Jan 24, 2023 09:20PM ET

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RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y

(Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 5.8% year-on-year in the fourth quarter.

The country's official statistics agency earlier in the day released figures that showed the consumer price index at near three-decade highs last quarter but coming in below the central bank's forecast.

Both measures are closely watched by the RBNZ, which has a monetary policy goal of keeping inflation within its target range of 1% to 3%.

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