The data is here, higher than expected:New Zealand Q2 CPI 4.1% y/y (expected 4.0%) and 1.5% q/q (expected 1.4%)We'll get more inflation data later in the session, this time direct from the Reserve Bank of New Zealand:Economic and event calendar in Asia Tuesday, July 21, 2026 - New Zealand inflation dataI'll have more to come on the CPI numbers separately. This article was written by Eamonn Sheridan at investinglive.com.