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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Labour Cost Index QoQ climbed to 0.5 in January 2026
FMPMonthlyReleased May 2026
New Zealand Labour Cost Index QoQ climbed to 0.5 in January 2026, released May 2026, up 0.1 from December's 0.4 reading. The print exceeded the 0.4 consensus by 0.1. The print is running well above the 12-month average of 0.48. Labour Cost Index QoQ is now the highest in 6 months.
Latest Release
0.5
Actual
0.4
Consensus
0.4
Previous
The May 2026 reading rose from the previous value of 0.4. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with NZD/JPY (Bullish NZD).
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Labour Cost Index QoQ - NZ
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Economic Calendar - NZ Events
| Wednesday, May 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 03:00 | NZ | Inflation Expectations | 2.53 | 2.37 | 1.7 | 2.08 | Low |
| 22:45 | NZ | Visitor Arrivals YoY | 15.1 | 15.2 | 17 | 16.05 | Low |
| Thursday, May 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:30 | NZ | Business NZ PMI | 53.2 | 50.5 | 50.60 | Medium | |
| 22:45 | NZ | Food Inflation YoY | 3.4 | 3.9 | 4.10 | Low | |