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.

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.

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.

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.

Graph and download economic data for Inflation, consumer prices for New Zealand (FPCPITOTLZGNZL) from 1960 to 2024 about New Zealand, consumer, CPI, inflation, price index, indexes, and price.

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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in New Zealand was 2.53 percent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 2.22 percent. Compared to a year ago, we see a decrease from...

New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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: Linked Series data is updated yearly, averaging 1.817 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 4.861 % in 2013 and a record low of -0.503 % in 2012. New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

In April 2025, the food price index in New Zealand had risen by around *** 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.

In the first quarter of 2025, the capital goods price index (CEP) in New Zealand had increased *** percent in comparison to the same quarter of 2024. The CEP measures price changes for physical capital assets that producers of goods and services purchase.

Inflation, monthly percent change in the CPI in New Zealand, March, 2025 The most recent value is 0.93 percent as of Q1 2025, an increase compared to the previous value of 0.55 percent. Historically, the average for New Zealand from Q2 1960 to Q1 2025 is 1.31 percent. The minimum of -0.81 percent was recorded in Q4 1998, while the maximum of 8.91 percent was reached in Q4 1986. | TheGlobalEconomy.com

Inflation Expectations in New Zealand increased to 2.29 percent in the second quarter of 2025 from 2.06 percent in the first quarter of 2025. This dataset provides - New Zealand Business Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

In the first quarter of 2025, the producers price index for outputs in New Zealand had increased by *** percent in comparison to the fourth quarter of 2024. In the second half of 2020, inflation of the producers price index was close to zero percent.

Cost of food in New Zealand increased 4.60 percent in June 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 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.

New Zealand: Inflation forecast: The latest value from 2030 is 2.02 percent, unchanged from 2.02 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for New Zealand from 1986 to 2030 is 3 percent. The minimum value, 0.08 percent, was reached in 2015 while the maximum of 18.37 percent was recorded in 1986.

New Zealand Inflation Expectations: 2 Years Ahead data was reported at 2.030 % in Dec 2018. This records a decrease from the previous number of 2.040 % for Sep 2018. New Zealand Inflation Expectations: 2 Years Ahead data is updated quarterly, averaging 2.285 % from Sep 1987 (Median) to Dec 2018, with 126 observations. The data reached an all-time high of 8.300 % in Sep 1987 and a record low of 1.600 % in Jun 1994. New Zealand Inflation Expectations: 2 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.I007: Consumer Price Index: Forecast: Reserve Bank of New Zealand.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for New Zealand (CPGRLE01NZA657N) from 1970 to 2022 about New Zealand, core, all items, CPI, inflation, price index, indexes, and price.

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.