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.

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.

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.

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.

The Gross Domestic Product per capita in New Zealand was last recorded at 41766.87 US dollars in 2023. The GDP per Capita in New Zealand is equivalent to 331 percent of the world's average. This dataset provides - New Zealand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for New Zealand (NZLCP070000CTGYQ) from Q1 2010 to Q4 2024 about New Zealand, transportation, 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.

The average inflation rate in Papua New Guinea was forecast to increase between 2024 and 2029 by in total 0.1 percentage points. This overall increase does not happen continuously, notably not in 2027 and 2028. The inflation is estimated to amount to 4.5 percent in 2029. Following the definitions provided by the International Monetary Fund, 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. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Vanuatu, Samoa, and New Zealand.

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...

Since March 1999, the Reserve Bank has used the Official Cash Rate (OCR) as its tool for controlling inflation. By setting the OCR, the Reserve Bank is able to influence short-term interest rates such as the 90-day bank bill rate, as well as long-term interest rates and the foreign exchange rate. Data on the OCR and 90-day bank bill rate is available from 1990.

New Zealand Business Outlook Survey: All Industries: Inflation Expectations data was reported at 2.290 NA in Jun 2018. This records an increase from the previous number of 2.130 NA for May 2018. New Zealand Business Outlook Survey: All Industries: Inflation Expectations data is updated monthly, averaging 2.640 NA from Feb 1991 (Median) to Jun 2018, with 302 observations. The data reached an all-time high of 6.100 NA in Feb 1991 and a record low of 1.380 NA in Mar 2016. New Zealand Business Outlook Survey: All Industries: Inflation Expectations 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.S013: Business Outlook Survey.

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.

Key information about New Zealand CPI: Food and Non Alcoholic Beverage Change

• New Zealand CPI: Food and Non Alcoholic Beverage Change was reported at 2.257 % in Jan 2025.
• This records an increase from the previous number of 1.496 % for Dec 2024.
• New Zealand CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 3.555 % from Jan 1961 to Jan 2025, with 769 observations.
• The data reached an all-time high of 25.198 % in Mar 1980 and a record low of -1.987 % in Jun 2010.
• New Zealand CPI: Food and Non Alcoholic Beverage Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly.

New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank data was reported at 1,000.000 NZD mn in Oct 2018. This stayed constant from the previous number of 1,000.000 NZD mn for Sep 2018. New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank data is updated monthly, averaging 900.000 NZD mn from Jul 2015 (Median) to Oct 2018, with 40 observations. The data reached an all-time high of 1,000.000 NZD mn in Oct 2018 and a record low of 750.000 NZD mn in Feb 2017. New Zealand Government Securities: Inflation Indexed Bonds: Financial Corporations: ow Reserve Bank 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.Z003: Government Securities.

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 Government Securities: Inflation Indexed Bonds data was reported at 17,300.000 NZD mn in Oct 2018. This records an increase from the previous number of 17,200.000 NZD mn for Sep 2018. New Zealand Government Securities: Inflation Indexed Bonds data is updated monthly, averaging 14,781.000 NZD mn from Jul 2015 (Median) to Oct 2018, with 40 observations. The data reached an all-time high of 17,300.000 NZD mn in Oct 2018 and a record low of 12,900.000 NZD mn in Feb 2016. New Zealand Government Securities: Inflation Indexed Bonds 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.Z003: Government Securities.

Core Consumer Prices in New Zealand increased to 1284 points in the fourth quarter of 2024 from 1277 points in the third quarter of 2024. This dataset provides - New Zealand Core Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.