New Zealand CPI Rises to 3.7%, Exceeding Reserve Bank Target
1 report, 1 independent
Updated Oct 1
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What happened
New Zealand's Consumer Price Index increased 3.7 percent over the 12 months leading to the September 2026 quarter, according to figures released by Stats NZ. This rate is higher than the 4.1 percent increase recorded in the June 2026 quarter. Petrol was the largest contributor to the annual inflation rate, rising 19.1 percent.
From miragenews.com
Why it matters
The 3.7 percent inflation rate is above the Reserve Bank of New Zealand's target band of 1 to 3 percent. This inflation figure is used by the Reserve Bank of New Zealand to inform its central bank policy targets.
The Reserve Bank of New Zealand monitors national economic indicators closely.
From miragenews.com
Who's involved
- Reserve Bank of New ZealandCentral bank of New Zealand
- Anna BremanGovernor and key policy decision-maker for the Reserve Bank of New Zealand