Forex Fundamentals
New Zealand Inflation Rate (CPI)

New Zealand Inflation Rate (CPI) 26 January 2027

New Zealand Inflation Rate (CPI) 26 January 2027: the Q4 2026 figure is due at 21:45 UTC. The last release came in at 3.7% for Q3 2026 against a forecast of 3.8%. Of the last 11 releases, 4 came in above the forecast and 4 below it.

These figures were verified on 11 Nov 2026 from the source: Statistics New Zealand. This page reports the release as published: the figures and what a print like it usually does to the currency.

Due in
21:45 UTC, 26 January 2027
Forecast
—
The market consensus
Previous
—
As the source gives it

What a surprise 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.

Below the forecast: A downside surprise usually weakens the NZD as markets bring forward or increase expected OCR cuts.

In line with the forecast: An in-line result generally limits the reaction, though persistent inflation details can still shift rate pricing.

New Zealand Inflation Rate (CPI) 26 January 2027: due for Q4 2026, with the last 12 releases
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The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
26 Jan 2027 · 21:45Q4Next——
21 Oct 2026Q33.7%3.8%4.1%
20 Jul 2026Q24.1%4%3.1%
20 Apr 2026Q13.1%2.9%3.1%
19 Oct 2025Q33%3%2.7%
20 Jul 2025Q22.7%2.8%2.5%
16 Apr 2025Q12.5%2.3%2.2%
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%
The release before:New Zealand Inflation Rate (CPI) 21 October 2026New Zealand Inflation Rate (CPI): every recent resultThis week’s economic calendar