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Key Facts

Page
Inflation
Section
API Data Docs
Canonical URL
https://fxmacrodata.com/api-data-docs/nzd/inflation
Source
RBNZ
Last Updated
2016-06-30

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What Changed

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Taux d'inflation (CPI/HICP) (NZD)

Mesure la variation en pourcentage d'une année sur l'autre de l'Indice des Prix à la Consommation (CPI).

Latest reading: 0.4 Year-over-year % · Last updated: · Source: RBNZ

Category: Economy

API Endpoint

/api/v1/announcements/nzd/inflation

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Taux d'inflation (CPI/HICP) across all supported currencies →

Optional Indicator Availability (NZD)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Available
cb_assets
Available
inflation_mom
Unavailable Not implemented on this currency fetcher yet.

About Taux d'inflation (CPI/HICP) (NZD)

New Zealand's headline Consumer Price Index (CPI) measures the quarterly change in the price level of a representative basket of consumer goods and services. It is the primary inflation measure monitored by the Reserve Bank of New Zealand.

Why FX traders watch it

Central banks, including the Reserve Bank of New Zealand, set policy rates in response to inflation. An above-target CPI print increases the probability of a rate hike, which is typically nzd-positive, while below-target inflation raises rate-cut odds and can weaken the currency.

How to interpret the data

An inflation reading above consensus or above the Reserve Bank of New Zealand's target band is hawkish and supports the nzd. A downside surprise is dovish and tends to weigh on the currency, particularly when inflation has been trending lower for several months.

Historical Taux d'inflation (CPI/HICP) (NZD)

Source: RBNZ  ·  Quarterly  ·  Year-over-year %

Data provided by FXMacroData via the /api/v1/announcements/nzd/inflation endpoint. For access, see pricing.

Data Source

Primary Source

RBNZ

Official Series ID

hm1.xlsx (CPI y/y%)

Data Format and Properties

Data Frequency

Quarterly

Unit of Measure

Year-over-year %

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "NZD",
    "indicator": "inflation",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Taux d'inflation (CPI/HICP) data for NZD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/nzd/inflation?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

What is the Reserve Bank of New Zealand's inflation target?
Most major central banks target annual inflation near 2%. Check the Reserve Bank of New Zealand's current monetary policy statement for the official target.
How is headline CPI different from core CPI?
Headline CPI includes all items, notably food and energy, which are volatile. Core CPI strips these out to give a cleaner read of underlying price pressure.
Which currency endpoint serves New Zealand CPI data?
Historical CPI data for New Zealand is available at /api/v1/announcements/nzd/inflation.

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