New Zealand's annual inflation eased to 3.7% in the September 2026 quarter from 4.1% previously, still above the central bank's 1-3% target band. Petrol was the biggest driver, up 19.1% year on year, and without that increase annual inflation would have been 3.2%. Electricity rose 9.3%, international airfares 12.5% and local authority rates 6.2%. Finance Minister Nicola Willis called the figures encouraging but said overseas events and the international oil shock continue to pose pressures.
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inflationNew Zealandfuel pricesconsumer price index
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Related tickers and likely impact
NZD/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 0.57007 |
| Change that session | +0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Inflation below forecast but still hot in New Zealand
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