Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 17 July 2017

New Zealand Inflation Rate (CPI) 17 July 2017: 1.7% for Q2 2017, below the 1.9% forecast and down from 2.2% in Q1 2017. 6 of the last 11 releases came in below the forecast. Printed 1.7%, inside the 1–3% target band. It was released on Mon 17 Jul 2017 at 22:45 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics New Zealand. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
1.7%
Q2 2017
Forecast
1.9%
The market consensus
Previous
2.2%
As the source gives it

What a print like this usually does

Below the forecast: A downside surprise usually weakens the NZD as markets bring forward or increase expected OCR cuts.

New Zealand Inflation Rate (CPI) 17 July 2017: 1.7% for Q2 2017 against a 1.9% forecast, with the last 11 releases
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Cite this release

If you cite this release, please link to this page:

New Zealand Inflation Rate (CPI) 17 July 2017: 1.7% vs 1.9% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2017-07-17

The last 11 releases · times in UTC
ReleasedForActualForecastPrevious
17 Jul 2017Q21.7%1.9%2.2%
19 Apr 2017Q12.2%2%1.3%
25 Jan 2017Q41.3%1.2%0.4%
17 Oct 2016Q30.2%0.1%0.4%
17 Jul 2016Q20.4%0.5%0.4%
17 Apr 2016Q10.4%0.4%0.1%
19 Jan 2016Q40.1%0.4%0.4%
15 Oct 2015Q30.4%0.3%0.4%
15 Jul 2015Q20.3%0.4%0.1%
19 Apr 2015Q10.1%0.2%0.8%
20 Jan 2015Q40.8%0.9%1%
The release before:New Zealand Inflation Rate (CPI) 19 April 2017The release after:New Zealand Inflation Rate (CPI) 16 October 2017New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar