Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 21 January 2021

New Zealand Inflation Rate (CPI) 21 January 2021: 1.4% for Q4 2020, above the 1% forecast and unchanged from 1.4% in Q3 2020. 6 of the last 12 releases came in above the forecast. Printed 1.4%, inside the 1–3% target band. It was released on Thu 21 Jan 2021 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%
Q4 2020
Forecast
1%
The market consensus
Previous
1.4%
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) 21 January 2021: 1.4% for Q4 2020 against a 1% 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) 21 January 2021: 1.4% vs 1% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2021-01-21

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
21 Jan 2021Q41.4%1%1.4%
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%
The release before:New Zealand Inflation Rate (CPI) 22 October 2020The release after:New Zealand Inflation Rate (CPI) 20 April 2021New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar