Monthly inflation · New Zealand
New Zealand Inflation Rate QoQ
The New Zealand Inflation Rate QoQ is the change in consumer prices in New Zealand from the previous month (or quarter).
- Importance
- Medium
- Publié
- Quarterly
- Devise
- NZD · New Zealand dollar
- Banque centrale
- The Reserve Bank of New Zealand
Derniers chiffres
La dernière publication, pour Q3, est parue le 2026-10-21 et s’est établie à 0.7%. C’est en dessous du consensus de 0.8%. C’est moins que 1.5% la fois précédente.
A lower figure than expected gives the Reserve Bank of New Zealand room to cut or hold rates lower: the New Zealand dollar tends to soften and bond yields to fall.
Sur les 8 dernières publications, la valeur est allée de 0.5% à 1.5%, avec une moyenne de 0.8%.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 21 Oct 2026 | Q3 | 0.7% | 0.8% | 1.5% |
| 20 Jul 2026 | Q2 | 1.5% | 1.4% | 0.9% |
| 20 Apr 2026 | Q1 | 0.9% | 0.8% | 0.6% |
| 22 Jan 2026 | Q4 | 0.6% | 0.5% | 1% |
| 19 Oct 2025 | Q3 | 1% | – | 0.5% |
| 20 Jul 2025 | Q2 | 0.5% | 0.6% | 0.9% |
| 16 Apr 2025 | Q1 | 0.9% | 0.7% | 0.5% |
| 21 Jan 2025 | Q4 | 0.5% | 0.5% | 0.6% |
Pourquoi c’est important
The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.
Mode de calcul
Stats NZ prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.
Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1Ce que signifient les variations
- Compare with the same month in earlier years: January and September often have seasonal jumps.
- 0.2% a month is about the 2% a year most central banks aim for.
Supérieur aux attentes : A higher figure than expected makes the Reserve Bank of New Zealand more likely to keep rates high or raise them: it tends to support the New Zealand dollar and push bond yields up, and is often a weight on stocks.
Inférieur aux attentes : A lower figure than expected gives the Reserve Bank of New Zealand room to cut or hold rates lower: the New Zealand dollar tends to soften and bond yields to fall.
Un bref historique
Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand Inflation Rate QoQ?
The New Zealand Inflation Rate QoQ is the change in consumer prices in New Zealand from the previous month (or quarter).
What was the latest New Zealand Inflation Rate QoQ?
0.7% for Q3, published on 21 October 2026 (consensus 0.8%, previous 1.5%).
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.