NZ CPI in focus: q/q inflation seen jumping to 1.5%

Mon, 20 Jul 2026 15:21:56 +0000

New Zealand’s quarterly Consumer Price Index is the marquee event as markets look ahead to the 20 July release at 22:45 UTC. As a high-impact print for the New Zealand dollar, it sets the tone for early Asia-Pacific trade.

What the CPI q/q measures

The CPI q/q tracks the change in the price of a basket of goods and services purchased by households, quarter over quarter. It is the most closely watched inflation gauge in New Zealand and feeds directly into how the Reserve Bank of New Zealand frames its policy outlook.

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NZ CPI in focus: q/q inflation seen jumping to 1.5%

What the CPI q/q measures