New Zealand – ANZ Commodity Price index for February: +3.9% m/m (prior +1%)

Fresh record high

ANZ remarks (in breif):

• Prices lifted across most commodity groups with dairy
  and aluminium leading the charge.
  
• In local currency terms, the index gained 4.9%, as local returns were
  supported by a 1.2% reduction in the trade weighted index (TWI).

more to come

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January report is here