Last week, A stronger than expected CPI figure led to some economists changing their forecasts for the OCR, however Kelvin ponders whether it was necessary. He also delves into some of the detail behind the strong inflation result and of course considers whats next. Has inflation peaked?
A similar question is asked regarding constructions costs, off the back of the latest CoreLogic Cordell Construction Costs Index (CCCI). The state of the construction industry remains a hot topic, which last week included an increase in the KiwiBuild price to caps, intended to deliver more houses in the programme.
And in Kelvin's broader market overview he reviews the latest NZAC result for June and looks ahead to filled jobs data, confidence survey results and June lending figures.
On Wednesday look out for an update to the comprehensive Quarterly Property Market and Economic Report.
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