RBNZ's own preferred core inflation measure +1.7% y/y

The Reserve Bank of New Zealand 's 'Sectoral Factor Model Inflation Gauge' is one of the bank's preferred measures of core inflation

Comes in at 1.7% y/y for Q1 2020

• the previous rate, for Q4 2019, was 1.8%

We got the Stats NZ CPI earlier today:

• NZ Q1 inflation data: 0.8% q/q (expected 0.4%)