Inflation Rate in New Zealand remained unchanged at 2.20 percent in the fourth quarter of 2024 from 2.20 percent in the third quarter of 2024. This dataset provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Consumer Price Index in New Zealand increased 0.50 percent in December of 2024 over the previous month. This dataset provides - New Zealand Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In July 2024, the food price index in New Zealand had risen by around 0.6 percent in comparison to the same period of the previous year. The rising cost of food products contributed to the overall increasing cost of living in the country.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in New Zealand was 2.22 percent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 2.15 percent. Compared to a year ago, we see a decrease from...

Inflation Expectations in New Zealand decreased to 2.06 percent in the first quarter of 2025 from 2.12 percent in the fourth quarter of 2024. This dataset provides - New Zealand Business Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the June quarter of 2022, the consumer price index (CPI) in New Zealand was over 1161 points. In June 2021, the CPI was around 80 points lower. In the few years preceding 2021, the annual CPI increase was around 15 to 20 points.

New Zealand Inflation Expectation: 10 Years Ahead data was reported at 2.070 % in Mar 2025. This records a decrease from the previous number of 2.190 % for Dec 2024. New Zealand Inflation Expectation: 10 Years Ahead data is updated quarterly, averaging 2.090 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 2.280 % in Dec 2023 and a record low of 1.960 % in Jun 2020. New Zealand Inflation Expectation: 10 Years Ahead 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.I026: Inflation Expectation.

New Zealand ANZ Forecast: Consumer Price Index (CPI): Tradable Inflation: YoY data was reported at 0.300 % in 2026. This records a decrease from the previous number of 0.700 % for 2025. New Zealand ANZ Forecast: Consumer Price Index (CPI): Tradable Inflation: YoY data is updated yearly, averaging 0.700 % from Dec 2018 (Median) to 2026, with 9 observations. The data reached an all-time high of 8.200 % in 2022 and a record low of -0.600 % in 2020. New Zealand ANZ Forecast: Consumer Price Index (CPI): Tradable Inflation: YoY data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.I003: Consumer Price Index: Forecast: ANZ Bank Ltd.

Cost of food in New Zealand increased 2.40 percent in February 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.

In the first quarter of 2023, the consumer price index (CPI) in New Zealand had increased by 6.7 percent in comparison to the same quarter of 2022. In the second quarter of 2022, the CPI in New Zealand experienced an increase of 7.3 percent in comparison to the same period of 2021, which was the largest increase since the June quarter of 1990.

New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 3.416 % in 2017. This records an increase from the previous number of 3.175 % for 2016. New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 3.468 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 20.315 % in 1976 and a record low of -0.503 % in 2012. New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for New Zealand (CPGRLE01NZA659N) from 1970 to 2024 about New Zealand, core, all items, CPI, inflation, price index, indexes, and price.

Key information about New Zealand Consumer Price Index CPI growth

• New Zealand Consumer Price Index (CPI) growth was measured at 6.7 % YoY in Mar 2023, compared with a rate of 7.2 % in the previous quarter.
• New Zealand Consumer Price Index growth data is updated quarterly, available from Jun 1915 to Mar 2023, with an averaged number of 2.8 % YoY.
• The data reached an all-time high of 18.9 % YoY in Jun 1987 and a record low of -100.0 % YoY in Jun 1915.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for New Zealand (NZLCPIALLAINMEI) from 1915 to 2024 about New Zealand, all items, CPI, price index, indexes, and price.

Consumer Price Index CPI in New Zealand increased to 1287 points in the fourth quarter of 2024 from 1280 points in the third quarter of 2024. This dataset provides - New Zealand Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Inflation Expectations: 1 Year Ahead data was reported at 2.090 % in Dec 2018. This records an increase from the previous number of 1.860 % for Sep 2018. New Zealand Inflation Expectations: 1 Year Ahead data is updated quarterly, averaging 2.200 % from Sep 1987 (Median) to Dec 2018, with 126 observations. The data reached an all-time high of 9.800 % in Sep 1987 and a record low of 1.090 % in Mar 2016. New Zealand Inflation Expectations: 1 Year Ahead 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.I007: Consumer Price Index: Forecast: Reserve Bank of New Zealand.

The average inflation rate in the Marshall Islands was forecast to decrease between 2024 and 2029 by in total 2.1 percentage points. This overall decrease does not happen continuously, notably not in 2027, 2028 and 2029. The inflation is estimated to amount to 2.5 percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Vanuatu, Tonga, and New Zealand.

Inflation rate (GDP deflator) of New Zealand slumped by 14.83% from 5.6 % in 2022 to 4.8 % in 2023. Since the 134.16% surge in 2021, inflation rate (GDP deflator) improved by 3.94% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

In the first quarter of 2023, the household living costs price index (HLPI) in New Zealand had increased by 7.7 percent in comparison to the first quarter of 2022. During the period between the first quarter of 2020 and the first quarter 2021, the HLPI increased by 0.7 percent.