Every release since 19 Jan 2016: 44 on record, actual against forecast. Medium impact for the NZD. Updated within the hour of each release.
The last NZ Inflation Rate QoQ (Q3 2026, released 21 Oct 2026) came in at 0.7%, below the 0.8% forecast; the previous reading was 1.5%.
Since 2016, NZ Inflation Rate QoQ has come in above forecast 52% of the time and below 32% (44 releases with a forecast); over the last 12 it beat 33%.
The average miss against forecast over the last 24 releases was 0.2%: higher than expected is good for the NZD.
| Released | Period | Actual | Forecast | Previous | Vs forecast |
|---|---|---|---|---|---|
| 21 Oct 2026 17:45 | Q3 2026 | 0.7% | 0.8% | 1.5% | below |
| 20 Jul 2026 18:45 | Q2 2026 | 1.5% | 1.4% | 0.9% | above |
| 20 Apr 2026 18:45 | Q1 2026 | 0.9% | 0.8% | 0.6% | above |
| 22 Jan 2026 16:45 | Q4 2025 | 0.6% | 0.5% | 1% | above |
| 19 Oct 2025 17:45 | Q3 2025 | 1% | 1% | 0.5% | in line |
| 20 Jul 2025 18:45 | Q2 2025 | 0.5% | 0.6% | 0.9% | below |
| 16 Apr 2025 18:45 | Q1 2025 | 0.9% | 0.7% | 0.5% | above |
| 21 Jan 2025 16:45 | Q4 2024 | 0.5% | 0.5% | 0.6% | in line |
| 15 Oct 2024 17:45 | Q3 2024 | 0.6% | 0.7% | 0.4% | below |
| 16 Jul 2024 18:45 | Q2 2024 | 0.4% | 0.5% | 0.6% | below |
| 16 Apr 2024 18:45 | Q1 2024 | 0.6% | 0.6% | 0.5% | in line |
| 23 Jan 2024 16:45 | Q4 2023 | 0.5% | 0.5% | 1.8% | in line |
| 16 Oct 2023 17:45 | Q3 2023 | 1.8% | 2% | 1.1% | below |
| 18 Jul 2023 18:45 | Q2 2023 | 1.1% | 1% | 1.2% | above |
| 19 Apr 2023 18:45 | Q1 2023 | 1.2% | 1.7% | 1.4% | below |
| 24 Jan 2023 16:45 | Q4 2022 | 1.4% | 1.3% | 2.2% | above |
| 17 Oct 2022 17:45 | Q3 2022 | 2.2% | 1.6% | 1.7% | above |
| 17 Jul 2022 18:45 | Q2 2022 | 1.7% | 1.5% | 1.8% | above |
| 20 Apr 2022 18:45 | Q1 2022 | 1.8% | 2% | 1.4% | below |
| 26 Jan 2022 16:45 | Q4 2021 | 1.4% | 1.3% | 2.2% | above |
| 17 Oct 2021 17:45 | Q3 2021 | 2.2% | 1.4% | 1.3% | above |
| 15 Jul 2021 18:45 | Q2 2021 | 1.3% | 0.8% | 0.8% | above |
| 20 Apr 2021 18:45 | Q1 2021 | 0.8% | 0.7% | 0.5% | above |
| 21 Jan 2021 16:45 | Q4 2020 | 0.5% | 0% | 0.7% | above |
| 22 Oct 2020 17:45 | Q3 2020 | 0.7% | 0.9% | -0.5% | below |
| 15 Jul 2020 18:45 | Q2 2020 | -0.5% | -0.5% | 0.8% | in line |
| 19 Apr 2020 18:45 | Q1 2020 | 0.8% | 0.4% | 0.5% | above |
| 23 Jan 2020 16:45 | Q4 2019 | 0.5% | 0.4% | 0.7% | above |
| 15 Oct 2019 17:45 | Q3 2019 | 0.7% | 0.6% | 0.6% | above |
| 15 Jul 2019 18:45 | Q2 2019 | 0.6% | 0.6% | 0.1% | in line |
| 16 Apr 2019 18:45 | Q1 2019 | 0.1% | 0.3% | 0.1% | below |
| 22 Jan 2019 16:45 | Q4 2018 | 0.1% | 0% | 0.9% | above |
| 15 Oct 2018 17:45 | Q3 2018 | 0.9% | 0.7% | 0.4% | above |
| 16 Jul 2018 18:45 | Q2 2018 | 0.4% | 0.5% | 0.5% | below |
| 18 Apr 2018 18:45 | Q1 2018 | 0.5% | 0.5% | 0.1% | in line |
| 24 Jan 2018 16:45 | Q4 2017 | 0.1% | 0.4% | 0.5% | below |
| 16 Oct 2017 17:45 | Q3 2017 | 0.5% | 0.4% | 0% | above |
| 17 Jul 2017 18:45 | Q2 2017 | 0% | 0.2% | 1% | below |
| 19 Apr 2017 18:45 | Q1 2017 | 1% | 0.8% | 0.4% | above |
| 25 Jan 2017 16:45 | Q4 2016 | 0.4% | 0.3% | 0.3% | above |
| 17 Oct 2016 17:45 | Q3 2016 | 0.3% | 0% | 0.4% | above |
| 17 Jul 2016 18:45 | Q2 2016 | 0.4% | 0.5% | 0.2% | below |
| 17 Apr 2016 18:45 | Q1 2016 | 0.2% | 0.1% | -0.5% | above |
| 19 Jan 2016 16:45 | Q4 2015 | -0.5% | -0.2% | 0.3% | below |
The last NZ Inflation Rate QoQ (Q3 2026, released 21 Oct 2026) came in at 0.7%, below the 0.8% forecast; the previous reading was 1.5%.
NZ Inflation Rate QoQ is released quarterly by Stats NZ. CRTLAB has 44 releases on record since 19 Jan 2016.
Since 2016, NZ Inflation Rate QoQ has come in above forecast 52% of the time and below 32% (44 releases with a forecast); over the last 12 it beat 33%.
The highest was 2.2% (Q3 2022) and the lowest -0.5% (Q2 2020). The five-year average is 1.07%.
Usually yes: a reading above forecast is the good surprise for the NZD, and the bigger the surprise the bigger the move. On this page, green marks a release that was good for the NZD against its forecast, red one that was bad.
Inflation Rate QoQ measures quarter over quarter change in the price of goods and services.