Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
NZ CPI q/q
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is extremely late relative to inflation data from other countries, but it's the primary gauge of consumer prices;
- NZ CPI q/q Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Apr 20, 2026 | 0.9% | 0.8% | 0.6% |
| Jan 22, 2026 | 0.6% | 0.5% | 1.0% |
| Oct 19, 2025 | 1.0% | 0.8% | 0.5% |
| Jul 20, 2025 | 0.5% | 0.6% | 0.9% |
| Apr 16, 2025 | 0.9% | 0.8% | 0.5% |
| Jan 21, 2025 | 0.5% | 0.5% | 0.6% |
| Oct 15, 2024 | 0.6% | 0.7% | 0.4% |
| Jul 16, 2024 | 0.4% | 0.5% | 0.6% |
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- NZ CPI q/q News
From interest.co.nz|Apr 20, 2026|13 commentsAnnual inflation, as measured by Statistics NZ's consumers price index (CPI), remained at 3.1% in the March quarter for the second consecutive quarter, continuing to be a touch above the Reserve Bank’s (RBNZ) 1% to 3% target range. Electricity – up 12.5% – was the largest contributor to the annual inflation rate. Statistics NZ prices and deflators spokesperson Nicola Growden said this was the third quarter in a row electricity was in this position. “Higher electricity prices accounted for more than a tenth of the 3.1% annual ...
From stats.govt.nz|Apr 20, 2026|9 commentsThe following table shows the price changes for the March 2026 quarter. table chart Within the 0.9 percent rise in the CPI in the March 2026 quarter, higher prices were recorded for: • petrol, up 3.5 percent (13.4 percent contribution to the 0.9 percent rise for all groups) • pharmaceutical products, up 17.7 percent (13.0 percent contribution to all groups) • confectionery, nuts, and snacks, up 6.2 percent (9.8 percent contribution to all groups). Lower prices were recorded for: • international air transport, down 7.0 percent ...
From bnz.co.nz|Jan 23, 2026The chances of a 2026 rate hike rose significantly today with annual CPI inflation rising to an eighteen month high of 3.1%. We think our new laser-focussed-on-inflation RBNZ Governor will not be amused. To start with, the quarterly increase of 0.6% was a big miss for a central bank that was forecasting 0.2% for the period. The miss was greater on tradables than non-tradables but both came in higher than anticipated. Tradables rose 0.7% against a 0.1 pick and non-tradables 0.6% against a 0.4% prediction. The miss is one thing but ...
From stats.govt.nz|Jan 22, 2026Within the 0.6 percent rise in the CPI in the December 2025 quarter, higher prices were recorded for: • international air transport, up 7.2 percent (20.0 percent contribution to the 0.6 percent rise for all groups) • petrol, up 2.5 percent (13.2 percent contribution to all groups) • telecommunication services, up 2.8 percent (9.1 percent contribution to all groups). Lower prices were recorded for: • vegetables, down 16.5 percent (-34.6 percent contribution to all groups) • pharmaceutical products, down 4.3 percent (-4.7 percent ...
From rnz.co.nz|Oct 19, 2025Inflation has edged to a 15-month-high on the back of higher rents, rates, electricity, and food, touching the top of the Reserve Bank's target band but unlikely to prevent further rate cuts. Stats NZ said the consumer price index rose 1.0 percent in the three months ended September, pushing the annual rose to 3.0 percent from 2.7 percent, the highest since June last year. The 11.3 percent rise in electricity prices was the single biggest contributor to the annual increase. "Annual electricity increases are at their highest since the ...
- From stats.govt.nz|Oct 19, 2025
The consumers price index (CPI) measures the rate of price change of goods and services purchased by New Zealand households. tables The following table shows the price changes for the September 2025 quarter. tables Quarterly change: Within the 1.0 percent rise in the CPI in the September 2025 quarter, higher prices were recorded for: • Local authority rates and payments, up 8.8 percent (27.9 percent contribution to the 1.0 percent rise for all groups) • Vegetables, up 12.2 percent (15.4 percent contribution to all groups) • Meat ...
From nzherald.co.nz|Jul 20, 2025The consumer price index (CPI) increased 2.7% in the 12 months to the June 2025 quarter, according to figures released by Stats NZ today. The 2.7% increase follows a 2.5% annual increase in the 12 months to the March 2025 quarter. “Although the annual inflation rate increased from the March 2025 quarter, it remains within the Reserve Bank of New Zealand’s target band of 1 to 3% – the fourth consecutive quarter it has done so,” prices and deflators spokeswoman Nicola Growden said. Economists had forecast a rise of 2.8 or 2.9%. Lower ...
From stats.govt.nz|Jul 20, 2025The consumers price index (CPI) measures the rate of price change of goods and services purchased by New Zealand households. tables The following table shows the price changes for the June 2025 quarter. tables Quarterly change: Within the 0.5 percent rise in the CPI in the June 2025 quarter, higher prices were recorded for: • Cultural services, up 9.5 percent (25.8 percent contribution to the 0.5 percent rise for all groups) • Electricity, up 4.9 percent (24.7 percent contribution to all groups) • Vegetables, up 10.0 percent ...
| Released on Apr 20, 2026 |
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| Released on Jan 22, 2026 |
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| Released on Oct 19, 2025 |
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| Released on Jul 20, 2025 |
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- Details