What happened
Actual 3.7% came in below forecast 3.8%. Previous was 4.1%, now lower than that.
What it means
This is an inflation figure. The central bank sets interest rates based on inflation, so both currency and gold watch this closely.
High impact · 🇳🇿 NZD · Latest releaseGuide
New Zealand Inflation Rate YoY
Released · Q3
Actual3.7%
Forecast3.8%
Previous4.1%
Next release
What is this news
CPI (Consumer Price Index) measures changes in prices of everyday items: food, rent, fuel, clothes, services. This is the main inflation number. Released by Stats NZ. This comes every three months (quarterly).
How important it is
The central bank's main job is to control inflation, so every interest rate decision is tied to this number. This is a High impact event on FxGram: NZD pairs often see sharp moves at this time.
What this data does
Generally, if inflation comes in above forecast, expectations of a rate hike (or rates staying high) increase, which affects the currency. If below forecast, talk of rate cuts increases.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Q3 | 3.7% | 3.8% | 4.1% |
| Q2 | 4.1% | 4% | 3.1% |
| Q1 | 3.1% | 2.9% | 3.1% |
| Q4 | 3.1% | 3% | 3% |
| Q3 | 3% | 3% | 2.7% |
Data: Stats NZ, via TradingView economic calendar.
See full calendar