Consumer Price Index (QoQ)

With the Reserve Bank of New Zealand's (RBNZ) inflation target being around the midpoint of 2%, Statistics New Zealand’s quarterly Consumer Price Index (CPI) publication is of high significance. The trend in consumer prices tends to influence RBNZ’s interest rates decision, which in turn, heavily impacts the NZD valuation. Acceleration in inflation could lead to faster tightening of the rates by the RBNZ and vice-versa. Actual figures beating forecasts render NZD bullish.

Most recent - Tuesday 23 January 2024 21:45

Previous
1.8%
Forecast
0.5%
Actual
0.5%

Next event - Thursday 18 April 2024 22:45

Previous
0.5%
Forecast
-
Actual
-

The typical/expected impact on NZD pairs is high.

There is no forecast value for Consumer Price Index (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index (QoQ) was 0.5% against a forecast of 0.5%.

Past events

Date
Forecast
Actual
Tuesday 23 January 2024 21:45
0.5%
0.5%
Monday 16 October 2023 21:45
2%
1.8%
Tuesday 18 July 2023 22:45
1%
1.1%
Wednesday 19 April 2023 22:45
1.7%
1.2%
Tuesday 24 January 2023 21:45
1.3%
1.4%
Monday 17 October 2022 21:45
1.6%
2.2%
Sunday 17 July 2022 22:45
1.5%
1.7%
Wednesday 20 April 2022 22:45
2%
1.8%
Wednesday 26 January 2022 21:45
1.3%
1.4%
Sunday 17 October 2021 21:45
1.4%
2.2%
Thursday 15 July 2021 22:45
0.8%
1.3%
Tuesday 20 April 2021 22:45
0.7%
0.8%

Economic context

Recent economic data has been strongly bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (QoQ) result:

PreviousLatest
ExportsBullish change$4.81B$5.89B
ImportsBullish change$5.9B$6.11B
Trade Balance NZD (YoY)Bullish change$-12.62B$-11.99B
Gross Domestic Product (QoQ)Bullish change-0.3%-0.1%
Gross Domestic Product (YoY)Bullish change-0.6%-0.3%
Westpac Consumer SurveyBullish change88.993.2
Business NZ PSIBullish change52.253

About Consumer Price Index (QoQ)

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Inflation
Frequency:Quarterly

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