New Zealand data - Commodity prices (March): +1.2% m/m (prior +2.8%)

ANZ index of commodity prices for NZ ... terms of trade improve further

• 3rd consecutive month higher for this
• For the y/y, up 5.8% (was +5% in February)
• In NZD terms +2% m/m and +5% y/y

Dairy, meat, wool all higher