Westpac warns inflation will climb to 4.2 percent as fuel costs and weak dollar bite
Westpac New Zealand economists have revised their forecasts, warning that annual inflation will hit 4.2 percent by late 2026. The briefing covers the drivers behind this three-year high, including record fuel prices and a weakening dollar, alongside a new government report detailing the rapid loss of New Zealand's glacial ice.
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Westpac projects New Zealand inflation will climb to four point two percent by December twenty twenty-six.
Retail petrol prices surged fifty cents in one month to a record three dollars fifty-three per litre.
The New Zealand dollar lost over four percent of its value in a single month, raising import costs.
Westpac expects national house prices to decline one point four percent as homes stay on market longer.
New Zealand glaciers lost twenty-six cubic kilometres of ice volume in just twenty-six years.
Local surface waters are warming thirty-four percent faster than global averages, causing marine heatwaves and die-offs.
- 01Intro1 min
- 02Westpac warns inflation will climb to 4.2 percent: The Forecast2 min
- 03Westpac warns inflation will climb to 4.2 percent: The Fallout1 min
- 04Official climate report finds glaciers have nearly halved and warming is speeding up2 min
- 05Outro1 min
- Westpac new zealand inflation forecast 4 2 per cent house prices ocr
- Economic Data 091026 Forecast update oct bulletin 09Oct26.pdf
- 'All gas, no brakes': Westpac NZ now expects annual inflation to hit 4.2% by end of 2026
- Westpac sees new zealand inflation heating up again
- Westpac tips higher cash rate peak as household costs keep climbing
- New government report paints grave picture about New Zealand climate
- New zealand warmed greenhouse gases record stats nz climate data
- Our atmosphere and climate 2026
- New Zealand greenhouse gas levels hit record highs threatening catastrophic glacier melts
- New Zealand Climate Report Flags Heatwave Risks
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