New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) came in at 3.7% for Q3, against a forecast of 3.8%. No date for the next release is on file yet.

Latest results · times in UTC
Released	For	Actual	Forecast	Previous
21 Oct 2026	Q3	3.7%	3.8%	4.1%
20 Jul 2026	Q2	4.1%	4%	3.1%
20 Apr 2026	Q1	3.1%	2.9%	3.1%
19 Oct 2025	Q3	3%	3%	2.7%
20 Jul 2025	Q2	2.7%	2.8%	2.5%
16 Apr 2025	Q1	2.5%	2.3%	2.2%
21 Jan 2025	Q4	2.2%	2.1%	2.2%
15 Oct 2024	Q3	2.2%	2.2%	3.3%
16 Jul 2024	Q2	3.3%	3.5%	4%
16 Apr 2024	Q1	4%	—	4.7%
23 Jan 2024	Q4	4.7%	4.7%	5.6%
16 Oct 2023	Q3	5.6%	5.9%	6%

What it measures

This release shows how much New Zealand consumer prices have changed over the past year. The RBNZ targets annual inflation of 1% to 3%, aiming to keep it around the 2% midpoint over time.

Why it moves the NZD

Inflation above forecasts or the target range can lead markets to price a higher OCR for longer, which usually supports the NZD. A clear undershoot can encourage expectations of rate cuts and weaken the currency; CPI is a major NZD driver.

Released: Quarterly

This week’s economic calendar What Is CPI (Consumer Price Index)?What members see beside each release

Questions

Is the New Zealand Inflation Rate (CPI) today?

No. No date for the next New Zealand Inflation Rate (CPI) is on file yet.

What time is the New Zealand Inflation Rate (CPI) released?

The last New Zealand Inflation Rate (CPI) came out at 21:45 UTC, on Wed 21 Oct 2026. No date for the next New Zealand Inflation Rate (CPI) is on file yet.

Updated daily from the release schedule. Last checked Wed 4 Nov 2026.