In the first quarter of 2025, the consumer price index (CPI) in New Zealand had decreased by *** percent in comparison to the same quarter of 2024. In the second quarter of 2022, the CPI in New Zealand experienced an increase of *** percent in comparison to the same period of 2021, which was the largest increase since the June quarter of 1990.
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Inflation Rate in New Zealand increased to 2.70 percent in the second quarter of 2025 from 2.50 percent in the first quarter of 2025. This dataset provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Key information about New Zealand Consumer Price Index CPI growth
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Consumer Price Index CPI in New Zealand increased to 1306 points in the second quarter of 2025 from 1299 points in the first quarter of 2025. This dataset provides - New Zealand Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.
In the June quarter of 2024, the consumer price index (CPI) in New Zealand was over ******* points. In June 2023, the CPI was around ** points lower. Overall, the CPI was rising during the observed period.
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The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in New Zealand was 2.67 percent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 2.53 percent. Compared to a year ago, we see a decrease from...
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New Zealand: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.9 percent, a decline from 5.7 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for New Zealand from 1960 to 2024 is 5.4 percent. The minimum value, -0.1 percent, was reached in 1999 while the maximum of 17.2 percent was recorded in 1980.
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New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY: Quarterly data was reported at 2.000 % in Mar 2028. This stayed constant from the previous number of 2.000 % for Dec 2027. New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY: Quarterly data is updated quarterly, averaging 2.000 % from Sep 2009 (Median) to Mar 2028, with 75 observations. The data reached an all-time high of 7.500 % in Dec 2022 and a record low of 0.000 % in Mar 2015. New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY: Quarterly data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.I006: Consumer Price Index: Forecast: Reserve Bank of New Zealand.
Prices in New Zealand rose by 1.72 percent in 2020. Central bankers at the Reserve Bank of New Zealand were surely relieved to see the rebound from the dangerously low .29 percent inflation in 2015.
What is inflation?
Inflation is the rise in price levels in an economy. 2 percent inflation means 100 New Zealand dollars will be worth 98 dollars in one year. While the precise inflation target varies, most economists agree that inflation between 2 to 3 percent is optimal for an economy. High inflation can lead to higher unemployment because firms would rather wait and higher workers at the same price using future dollars, making the labor relatively cheaper. However, it affects the trade balance because of the relatively higher purchasing power of foreign currencies.
Other risks of inflation and deflation
Inflation helps a country with higher national debt when the debt is in the local currency, because the country can repay with the future dollars which are relatively cheaper. Deflation, then, helps when debts are in a foreign currency. The main problem with deflation is that investors prefer to hold their money, waiting to invest until it is worth more. This is particularly true of countries like New Zealand, where the lion’s share of employment is in the services sector.
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The Consumer Price Index in New Zealand increased 0.50 percent in June of 2025 over the previous month. This dataset provides - New Zealand Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Time series data for the statistic Consumer price index (2010 = 100) and country New Zealand. Indicator Definition:Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.The indicator "Consumer price index (2010 = 100)" stands at 140.86 as of 12/31/2024, the highest value at least since 12/31/1961, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.92 percent compared to the value the year prior.The 1 year change in percent is 2.92.The 3 year change in percent is 16.63.The 5 year change in percent is 23.30.The 10 year change in percent is 30.88.The Serie's long term average value is 59.76. It's latest available value, on 12/31/2024, is 135.73 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1960, to it's latest available value, on 12/31/2024, is +2,721.68%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.
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The transportation sub-index of the CPI basket in New Zealand decreased to 1251 points in the second quarter of 2025 from 1264 points in the first quarter of 2025. This dataset provides - New Zealand Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Core consumer prices in New Zealand increased 3.20 percent in June of 2025 over the same month in the previous year. This dataset provides - New Zealand Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Cost of food in New Zealand increased 5 percent in August of 2025 over the same month in the previous year. This dataset provides - New Zealand Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Most of the raw data comes from Stats NZ. We use that to generate the indexes every quarter. The exception is the bitumen cost adjustment series, which we calculate and publish monthly.
Stats NZ open data - Infoshare (stats.govt.nz)
The zip folder contains four items.
Latest values for bitumen cost adjustment series.Latest index values for infrastructure cost indexes - ORIGINAL 1991 series.Latest values for infrastructure cost indexes NEW series.Latest cost index values for public transport.
You can find out more, including reading the procurement manual, on the procurement tools page on nzta.govt.nz. See the links below.
Procurement tools page (nzta.govt.nz)Contract price adjustment for cost fluctuation: infrastructure contracts [PDF, 1.1 MB]
Note: file name is 'instructions-for-bitumen-volumetric-approach'.
Adjuster tool (adjuster.nz)Cost indices for public transport [PDF, 388 KB]Bus and ferry cost indexation tool (nzta.govt.nz)
Data reuse caveats: As per licence.
Data quality statement: Stats NZ releases the source data that Waka Kotahi uses to generate these indexes. The indexes are fixed every quarter, except for the bitumen series (fixed monthly).
Data quality caveats: See data quality statement.
Photo: screenshot from procurement manual cover, showing roadworks. Credit: Waka Kotahi NZ Transport Agency.
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In the first quarter of 2025, the consumer price index (CPI) in New Zealand had decreased by *** percent in comparison to the same quarter of 2024. In the second quarter of 2022, the CPI in New Zealand experienced an increase of *** percent in comparison to the same period of 2021, which was the largest increase since the June quarter of 1990.