What it measures
The Consumers Price Index measures the change in the prices of goods and services bought by New Zealand households. Stats NZ reports both the change from the previous quarter and the annual rate. The calendar shows the date and time of this release only; the figure itself is on the official page linked at the bottom.
Who publishes it and when
Stats NZ publishes it once a quarter at 10:45 Wellington time, a few weeks after the quarter ends.
How it is put together
Prices are collected across the country for a basket weighted by household spending. Stats NZ also splits inflation into tradable items, driven by world prices, and non-tradable items, driven by the local economy.
What traders watch
Traders compare the annual rate with the Reserve Bank's 1% to 3% range and its own forecast, and watch non-tradable inflation as a sign of local price pressure.
How markets have usually reacted
A higher than expected reading has often lifted the New Zealand dollar; a lower one has often weakened it.
Common mistakes
- Confusing the quarterly change with the annual rate.
- Ignoring the split between tradable and non-tradable inflation.
How a higher or lower figure is usually read
There is no figure in the calendar for this event. Higher inflation than the previous quarter is usually read as supportive for the New Zealand dollar; lower inflation as negative. Not a signal.
Release history
| Date | Period |
|---|---|
| — |
Related news
- Reserve Bank of New Zealand Rate Decision (OCR)
- New Zealand Unemployment Rate
- New Zealand GDP
- Economic calendar: every release this week in your time zone
- Lot size calculator: keep your risk the same around news
- How to use an economic calendar: what happens around a release, and how to plan for it
Trading involves a high risk of loss. This page is information and education, not advice or a signal to trade. See the Risk Disclaimer.
Official source
Published by Stats NZ: www.stats.govt.nz