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🇳🇿 New ZealandINFLATION

Core Inflation (Sectoral Factor Model)

Consumer price inflation · New Zealand. Core excludes the most volatile components. Year-on-year change.

Wednesday 21 October23:45 CEST / 00:45 Kyiv
ACTUAL—Before publication
FORECAST—Pre-release expectation
PREVIOUS2.7%FXMacroData · RBNZ · %YoY · 2026-06-30

01 / WHY IT MATTERS

What changes for traders

More persistent price pressure may delay policy easing. For NZD the surprise relative to the forecast matters.

USDNZD

02 / SCENARIOS

Pre-release scenarios

ABOVE EXPECTATIONS

Above-expected inflation supports the case for tighter policy and for NZD.

BELOW EXPECTATIONS

Below-expected inflation supports the case for policy easing and pressure on NZD.

Next step

Core, services, revisions and the response of rate expectations.

Figures and status update automatically after the release is confirmed.Other events