Breaking News

New Zealand Consumer Price Index (CPI) QoQ

Latest Release

Jul 20, 2025

Actual

0.5%

Forecast

0.6%

0.9%

The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability.

A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.

Importance:

Country:

Currency: NZD

Source: Stats NZ

Release Date	Time	Actual	Forecast	Previous
Jul 21, 2025 (Q2)	00:45	0.5%	0.6%	0.9%
Apr 17, 2025 (Q1)	00:45	0.9%	0.8%	0.5%
Jan 21, 2025 (Q4)	23:45	0.5%	0.5%	0.6%
Oct 15, 2024 (Q3)	23:45	0.6%	0.7%	0.4%
Jul 17, 2024 (Q2)	00:45	0.4%	0.5%	0.6%
Apr 17, 2024 (Q1)	00:45	0.6%	0.6%	0.5%

News

RBNZ cuts interest rates by 50 bps to 4.75% By Investing.com - Oct 09, 2024

Investing.com-- The Reserve Bank of New Zealand cut interest rates by 50 basis points on Wednesday as expected, citing continued progress towards stabilizing inflation, and the need to shore up local...

Asia FX edges higher as rate cut bets dent dollar; TWD, CNY lag By Investing.com - Jul 17, 2024

Investing.com-- Most Asian currencies advanced slightly on Wednesday, gaining more ground against the dollar amid growing optimism that the Federal Reserve was close to cutting interest rates. The...

New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com - Jul 17, 2024

Investing.com-- New Zealand consumer price index inflation eased more than expected in the second quarter, furthering bets that the economy was cooling at a pace that could invite interest rate cuts...

Analysis

US Dollar: 2 Kevins, 1 Spot By Francesco Pesole - Aug 06, 2025

President Trump hinted that Kevin Warsh, Kevin Hassett and two others are leading the race for the next Fed Chair and might be announced soon after Governor Adriana Kugler’s early exit. We think the...

NZD/USD Hit as Softer CPI Keeps RBNZ Easing in Play By David Scutt - Jul 21, 2025

Despite some sticky spots, New Zealand’s latest CPI report points to fading inflation risks—keeping a further RBNZ cut firmly in play. Q2 CPI rose 2.7% y/y vs 2.8% expected, 2.6% RBNZ forecast Core...

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