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.

NZD/USD

Sun, 01 Mar 2026 00:00:00 +0000

About NZD/USD

NZD/USD, universally known as the “Kiwi,” pairs the New Zealand Dollar against the US Dollar. New Zealand’s economy is uniquely oriented toward agricultural exports, particularly dairy products, meat, and forestry, giving the NZD a distinct commodity profile compared to other major currencies. The country is the world’s largest exporter of dairy products, and this agricultural specialization means that NZD/USD reacts to factors quite different from those driving other commodity currencies like AUD or CAD. Despite New Zealand’s relatively small economic footprint, the Kiwi is actively traded due to its historically higher interest rates, which have made it a popular carry trade currency for decades.

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

What the CPI q/q measures

NZD/USD

About NZD/USD