Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 16 July 2024

New Zealand Inflation Rate (CPI) 16 July 2024: 3.3% for Q2 2024, below the 3.5% forecast and down from 4% in Q1 2024. It is the lowest of the last 12 releases. 4 of the last 11 releases came in below the forecast. Printed 3.3%, above the 1–3% target band. It was released on Tue 16 Jul 2024 at 22:45 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
3.3%
Q2 2024
Forecast
3.5%
The market consensus
Previous
4%
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) 16 July 2024: 3.3% for Q2 2024 against a 3.5% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

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

New Zealand Inflation Rate (CPI) 16 July 2024: 3.3% vs 3.5% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2024-07-16

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
16 Jul 2024Q23.3%3.5%4%
16 Apr 2024Q14%—4.7%
23 Jan 2024Q44.7%4.7%5.6%
16 Oct 2023Q35.6%5.9%6%
18 Jul 2023Q26%5.9%6.7%
19 Apr 2023Q16.7%7.1%7.2%
24 Jan 2023Q47.2%7.1%7.2%
17 Oct 2022Q37.2%6.6%7.3%
17 Jul 2022Q27.3%7.1%6.9%
20 Apr 2022Q16.9%7.1%5.9%
26 Jan 2022Q45.9%5.7%4.9%
17 Oct 2021Q34.9%4.1%3.3%
The release before:New Zealand Inflation Rate (CPI) 16 April 2024The release after:New Zealand Inflation Rate (CPI) 15 October 2024New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar