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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Consumer Price Index climbed to 0.9% in October 2025
FMPMonthlyReleased April 2026
New Zealand Consumer Price Index climbed to 0.9% in October 2025, released April 2026, up 0.3% from September's 0.6% reading. The print exceeded the 0.8% consensus by 0.1%. The print is running well below the 12-month average of 2.0%. Consumer Price Index is now the lowest in 6 months.
Latest Release
0.9
Actual
0.8
Consensus
0.6
Previous
Median Absolute Error
±0.1 percentage points
across last 3 releases
Last Call
Oct 2025
Predicted: 3
Actual: 3
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Price Index (New Zealand) was reported at 0.9% in April 2026. This beat the market consensus of 0.8% by 0.1%. The reading rose from the previous value of 0.6%. Trailing 12-month context per ETL data through October 2025. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update October 2025.
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Consumer Price Index - NZ
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About Consumer Price Index — New Zealand
DEFINITION
The Consumer Price Index (CPI) is a widely used financial indicator that measures the average change in prices of goods and services purchased by households over time. It is a key tool for tracking inflation and is used by governments, businesses, and individuals to make informed decisions about economic policies, investments, and personal finances. The CPI provides valuable insights into the overall health of the economy and helps to monitor the impact of price changes on consumers' purchasing power.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2025): actual 0.9 %, consensus 0.8 %. Prior reading (Jul 2025): 1 %. Before that (Jan 2025): 2.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.