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Tuesday, 21 July 2026
Economy

New Zealand Q2 Inflation Hits 4.1%, Above Forecasts

Annual inflation accelerates to highest in over two years, driven by fuel costs.

Talivio News · Global 1 min read
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Euro and Romanian Lei banknotes on financial charts, illustrating currency exchange and economic analysis. Jakub Zerdzicki

New Zealand's annual inflation rate in the second quarter stood at 4.1% year-on-year, surpassing market forecasts.

4.1% y/y

Annual inflation in Q2, above forecasts.

The inflation rate was above what analysts had predicted.

According to reports, the acceleration in inflation was fueled by soaring fuel costs.

The Q2 figure was the highest annual inflation reading in more than two years, it has been reported.

The data reinforces the Reserve Bank's decision to begin raising interest rates, according to sources.

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Sources

  1. investing.com — New Zealand Q2 inflation at 4.1% y/y, above forecast (opens in a new window)
  2. bloomberg.com — New Zealand Inflation Accelerates to 4.1% on Soaring Fuel Costs (opens in a new window)
  3. investing.com — New Zealand Q2 inflation rises more than expected at 4.1% (opens in a new window)
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