New Zealand - ANZ Commodity Price index for May: +1.3% m/m (prior +2.3%)

This is ANZ's indicator of price trends for New Zealand's 17 main commodity exports

• Up for an 8th consecutive month, hits a record high again
• Prices for all major categories of commodities lifted
• in local currency terms +1.0% m/m

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Earlier this week NZ terms of trade were shown to be tracking along at record highs:

• New Zealand Terms of Trade for Q1 2021: +0.1% q/q (vs. expected -0.3%, prior +1.3%)