Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 22 October 2020

New Zealand Inflation Rate (CPI) 22 October 2020: 1.4% for Q3 2020, below the 1.7% forecast and down from 1.5% in Q2 2020. It is the lowest reading since Q1 2018. 4 of the last 12 releases came in below the forecast. Printed 1.4%, inside the 1–3% target band. It was released on Thu 22 Oct 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
1.4%
Q3 2020
Forecast
1.7%
The market consensus
Previous
1.5%
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) 22 October 2020: 1.4% for Q3 2020 against a 1.7% 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) 22 October 2020: 1.4% vs 1.7% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2020-10-22

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
22 Oct 2020Q31.4%1.7%1.5%
15 Jul 2020Q21.5%1.5%2.5%
19 Apr 2020Q12.5%2.1%1.9%
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%
The release before:New Zealand Inflation Rate (CPI) 15 July 2020The release after:New Zealand Inflation Rate (CPI) 21 January 2021New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar