New Zealand – ANZ Commodity Price index for April: +2.3% m/m (prior +6.1%)

ANZ’s indicator of price trends for New Zealand’s 17 main commodity exports

Today’s result takes the index to a fresh record high (pretty sure that’s the only type).

  • +2.3% m/m
  • +24.3% y/y

In local currency terms:

  • +2.2% m/m
  • +6.9% y/y 

ANZ point to increases in

  • meat
  • logs
  • aluminium 
  • Says dairy little changed, price flattening

  

 more to come       Source

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