CPI release is due at 23:45 (GMT+2) in New Zealand. The indicator is expected to drop to 1.8% YoY in the fourth quarter from 1.9% YoY a quarter earlier and to decrease to 0.0% QoQ in the fourth quarter from 0.9% QoQ a quarter earlier. It shows the change in the value of a certain “basket” of goods and services and is one of the main indicators of inflation in the country. The high value of the index contributes to the growth rate of NZD. Low values contribute to a decrease in the NZD rate.