New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected

New Zealand’s Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday. The market consensus was for a growth of 2.3% in the reported period.

The quarterly CPI inflation climbed to 0.9% in Q1 from the previous print of 0.5% and above the market consensus of 0.7%.