New Zealand CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Reserve Bank of New Zealand watches when setting interest rates.
Actual
7.2%
Forecast
7.2%
Previous
7.2%
New Zealand Inflation Rate (CPI) for Q4 came in at 7.2% versus 7.2% expected (previous 7.2%), in line with forecast.
What it meant for the NZD
The actual landed in line with the 7.2% forecast. A reading above forecast is generally bullish for the NZD, and below forecast bearish.
New to this release? See what New Zealand Inflation Rate (CPI) measures, the next release and its full history.