Inflation rate tops 4% - worst in more than two years

Home / BusinessLiam DannBusiness Editor at Large·NZ Herald·20 Jul, 2026 10:51 PMQuick Read‌Westpac economist Satish Ranchhod discusses what the latest CPI data will mean for households and businesses. Video / Herald NOW BusinessNew Zealand’s consumers price index (CPI) increased 4.1% in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today. The 4.1% increase follows a 3.1% increase in the 12 months to the March 2026 quarter. The Reserve Bank of New Zealand’s target band for AdvertisementAdvertise with NZME.