Background information on our Remit review consultation.
These research papers provide the detailed analysis that informed the second Remit review consultation paper.
This background paper evaluates the optimal measurement of inflation underlying our price stability objective. In doing so, it compares the Consumers Price Index (CPI) against a selection of other price measures such as different core inflation indexes and the GDP deflator. It concludes that the CPI remains suitable as the inflation measure targeted.
However, it presents the case for a monthly CPI to support policymakers, highlighting the fact that New Zealand remains the only country in the OECD that does not produce a monthly CPI.