SYDNEY, April 21 (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 1.9% year-on-year in the first quarter of 2021.
The release came just hours after the country's official statistics agency released figures showing the consumer price index rose 1.5% in the March quarter from a year ago. measures are closely watched by the RBNZ, which has a monetary policy goal of achieving 1% to 3% inflation.