Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 26 January 2022

New Zealand Inflation Rate (CPI) 26 January 2022: 5.9% for Q4 2021, above the 5.7% forecast and up from 4.9% in Q3 2021. It is the highest of the last 12 releases. It is the fifth release in a row above the forecast. Printed 5.9%, above the 1–3% target band. It was released on Wed 26 Jan 2022 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
5.9%
Q4 2021
Forecast
5.7%
The market consensus
Previous
4.9%
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) 26 January 2022: 5.9% for Q4 2021 against a 5.7% 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) 26 January 2022: 5.9% vs 5.7% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2022-01-26

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
26 Jan 2022Q45.9%5.7%4.9%
17 Oct 2021Q34.9%4.1%3.3%
15 Jul 2021Q23.3%2.8%1.5%
20 Apr 2021Q11.5%1.4%1.4%
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%
The release before:New Zealand Inflation Rate (CPI) 17 October 2021The release after:New Zealand Inflation Rate (CPI) 20 April 2022New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar