Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 23 January 2020

New Zealand Inflation Rate (CPI) 23 January 2020: 1.9% for Q4 2019, above the 1.8% forecast and up from 1.5% in Q3 2019. It is the highest reading since Q4 2018. It is the second release in a row above the forecast. Printed 1.9%, inside the 1–3% target band. It was released on Thu 23 Jan 2020 at 21:45 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
1.9%
Q4 2019
Forecast
1.8%
The market consensus
Previous
1.5%
As the source gives it

What a print like this usually does

Above the forecast: An upside surprise usually strengthens the NZD, potentially sharply, as traders expect the RBNZ to keep rates restrictive for longer.

New Zealand Inflation Rate (CPI) 23 January 2020: 1.9% for Q4 2019 against a 1.8% forecast, with the last 12 releases
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Cite this release

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

New Zealand Inflation Rate (CPI) 23 January 2020: 1.9% vs 1.8% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2020-01-23

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
23 Jan 2020Q41.9%1.8%1.5%
15 Oct 2019Q31.5%1.4%1.7%
15 Jul 2019Q21.7%1.7%1.5%
16 Apr 2019Q11.5%1.7%1.9%
22 Jan 2019Q41.9%1.8%1.9%
15 Oct 2018Q31.9%1.7%1.5%
16 Jul 2018Q21.5%1.6%1.1%
18 Apr 2018Q11.1%1.1%1.6%
24 Jan 2018Q41.6%1.9%1.9%
16 Oct 2017Q31.9%1.8%1.7%
17 Jul 2017Q21.7%1.9%2.2%
19 Apr 2017Q12.2%2%1.3%
The release before:New Zealand Inflation Rate (CPI) 15 October 2019The release after:New Zealand Inflation Rate (CPI) 19 April 2020New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar