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New Zealand Labour Cost Index YoY held to 2.0 in January 2026, released May 2026. The reading matched the 2.0 consensus. The print is running well below the 12-month average of 2.16. Labour Cost Index YoY is now the lowest in 15 months.
The May 2026 reading was unchanged from the previous value of 2. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with NZD/JPY (Bullish NZD).
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Wednesday, May 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 03:00 | Inflation Expectations | 2.53 | 2.37 | 1.7 | 2.08 | Low | |
| 22:45 | 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 | Business NZ PMI | 53.2 | 50.5 | 50.60 | Medium | ||
| 22:45 | Food Inflation YoY | 3.4 | 3.9 | 4.10 | Low | ||