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.
Source: Statistics New Zealand. Figures as released; revisions appear in the next print.
Forecast: Trading Economics' forecast where available, otherwise the market consensus.
Calendar data: Trading Economics; official figures from the publishing agency.
New Zealand Inflation Rate (CPI) for Q2 2026 came in at 4.1% versus 4.0% expected (previous 3.1%), above forecast.
How this print reads for the New Zealand Dollar
Above forecast by 0.1. For the NZD that reads as positive (higher is positive for this indicator). This is a rule-based read of the figure against forecast, not a record of how the NZD traded.
New to this release? See what New Zealand Inflation Rate (CPI) measures, the next release and its full history.