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.

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.

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;

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.

In the fourth quarter of 2022, the capital goods price index (CEP) in New Zealand had increased 11.1 percent in comparison to the same quarter of 2021. The CEP measures price changes for physical capital assets that producers of goods and services purchase.

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.

Kerneforbrugerpriserne i New Zealand steg med 2,70 procent i december 2024 sammenlignet med samme måned året før. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Nyt-Sjælland - Kerneinflation.

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.

Konsumentprisindexet i Nya Zeeland ökade med 0,50 procent i december 2024 jämfört med föregående månad.

New Zealand Inflation Expectation: 5 Years Ahead data was reported at 2.130 % in Mar 2025. This records a decrease from the previous number of 2.240 % for Dec 2024. New Zealand Inflation Expectation: 5 Years Ahead data is updated quarterly, averaging 2.110 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 2.440 % in Dec 2022 and a record low of 1.800 % in Jun 2020. New Zealand Inflation Expectation: 5 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 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.

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.

The Consumers Price Index (CPI) measures changes to the prices of consumer items bought by New Zealand households, giving a measure of inflation. Data is available from 1920.

In the fourth quarter of 2022, the producers price index for outputs in New Zealand had increased by 7.7 percent in comparison to the fourth quarter of 2021. In the second half of 2020, inflation of the producers price index was close to zero percent.

New Zealand Household Inflation Expectation: 2 Years - Mean data was reported at 3.900 % in Mar 2025. This records an increase from the previous number of 3.700 % for Dec 2024. New Zealand Household Inflation Expectation: 2 Years - Mean data is updated quarterly, averaging 3.700 % from Mar 2022 (Median) to Mar 2025, with 13 observations. The data reached an all-time high of 5.400 % in Mar 2022 and a record low of 2.500 % in Mar 2023. New Zealand Household Inflation Expectation: 2 Years - Mean 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.I027: Household Inflation Expectation.

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.

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.

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

New Zealand Tradable Inflation: QoQ data was reported at 0.300 % in Dec 2024. This records an increase from the previous number of -0.200 % for Sep 2024. New Zealand Tradable Inflation: QoQ data is updated quarterly, averaging 0.250 % from Sep 1999 (Median) to Dec 2024, with 102 observations. The data reached an all-time high of 2.800 % in Sep 2021 and a record low of -2.100 % in Dec 2008. New Zealand Tradable Inflation: QoQ data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.I002: Consumer Price Index: Jun2017=1000.