Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 21 January 2025

New Zealand Inflation Rate (CPI) 21 January 2025: 2.2% for Q4 2024, above the 2.1% forecast and unchanged from 2.2% in Q3 2024. 5 of the last 11 releases came in above the forecast. Printed 2.2%, inside the 1–3% target band. It was released on Tue 21 Jan 2025 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
2.2%
Q4 2024
Forecast
2.1%
The market consensus
Previous
2.2%
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 2025: 2.2% for Q4 2024 against a 2.1% 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) 21 January 2025: 2.2% vs 2.1% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-cpi/2025-01-21

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
21 Jan 2025Q42.2%2.1%2.2%
15 Oct 2024Q32.2%2.2%3.3%
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%
The release before:New Zealand Inflation Rate (CPI) 15 October 2024The release after:New Zealand Inflation Rate (CPI) 16 April 2025New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar