Consumer Price Index (YoY)

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 - Wednesday 19 April 2023 22:45

Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.

Next event - Thursday 13 July 2023 22:45

The typical/expected impact on NZD pairs is high.

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

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Economic context

Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:

About Consumer Price Index (YoY)

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