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.

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.

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.

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.

New Zealand ANZ Forecast: Consumer Price Index (CPI): Non-Tradable Inflation: YoY data was reported at 3.100 % in 2026. This records an increase from the previous number of 3.000 % for 2025. New Zealand ANZ Forecast: Consumer Price Index (CPI): Non-Tradable Inflation: YoY data is updated yearly, averaging 3.100 % from Dec 2018 (Median) to 2026, with 9 observations. The data reached an all-time high of 6.600 % in 2022 and a record low of 2.600 % in 2020. New Zealand ANZ Forecast: Consumer Price Index (CPI): Non-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.

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.

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.

CPI Housing Utilities in New Zealand increased to 1427 points in the second quarter of 2025 from 1415 points in the first quarter of 2025. This dataset provides - New Zealand CPI Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

NZT Forecast: Consumer Price Index: YoY data was reported at 2.000 % in 2023. This stayed constant from the previous number of 2.000 % for 2022. NZT Forecast: Consumer Price Index: YoY data is updated yearly, averaging 2.000 % from Jun 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 4.500 % in 2011 and a record low of 0.100 % in 2016. NZT Forecast: Consumer Price Index: YoY data remains active status in CEIC and is reported by New Zealand Treasury. The data is categorized under Global Database’s New Zealand – Table NZ.I008: Consumer Price Index: Forecast: New Zealand Treasury.

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.

New Zealand ANZ Forecast: Consumer Price Index (CPI): YoY data was reported at 1.800 % in 2020. This stayed constant from the previous number of 1.800 % for 2019. New Zealand ANZ Forecast: Consumer Price Index (CPI): YoY data is updated yearly, averaging 1.600 % from Dec 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 1.900 % in 2018 and a record low of 0.100 % in 2015. New Zealand ANZ Forecast: Consumer Price Index (CPI): 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.I006: Consumer Price Index: Forecast: ANZ Bank Ltd.

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.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Statistics New Zealand provides Consumer Price Index with base June 2017=1000. [COVID-19-IMPACT]

Consumer price index (2010 = 100) in New Zealand was reported at 141 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Consumer price index (2010 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY data was reported at 2.100 % in 2022. This stayed constant from the previous number of 2.100 % for 2021. New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY data is updated yearly, averaging 1.850 % from Mar 1997 (Median) to 2022, with 20 observations. The data reached an all-time high of 4.400 % in 2011 and a record low of 0.000 % in 2015. New Zealand RBNZ Forecast: Consumer Price Index (CPI): YoY 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.

Core Consumer Prices in New Zealand increased to 1304 points in the second quarter of 2025 from 1295 points in the first quarter of 2025. This dataset provides - New Zealand Core Consumer Prices - 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.

New Zealand Consumer Price Index (CPI): Weights: All Groups data was reported at 100.000 % in Sep 2018. This stayed constant from the previous number of 100.000 % for Jun 2018. New Zealand Consumer Price Index (CPI): Weights: All Groups data is updated quarterly, averaging 100.000 % from Jun 2006 (Median) to Sep 2018, with 50 observations. The data reached an all-time high of 100.000 % in Sep 2018 and a record low of 100.000 % in Sep 2018. New Zealand Consumer Price Index (CPI): Weights: All Groups data remains active status in CEIC and is reported by Statistics New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.I004: Consumer Price Index: Weights.

Key information about New Zealand Core CPI Change

• New Zealand Core CPI Change was reported at 2.713 % in Dec 2024.
• This records an increase from the previous number of 2.566 % for Sep 2024.
• New Zealand Core CPI Change data is updated quarterly, averaging 2.185 % from Jun 2000 to Dec 2024, with 99 observations.
• The data reached an all-time high of 7.502 % in Mar 2023 and a record low of 0.521 % in Sep 2012.
• New Zealand Core CPI 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: Core CPI: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Core Consumer Price Index Growth from quarterly Core Consumer Price Index. Stats NZ provides Core Consumer Price Index Growth with base June 2017=1000. Core Consumer Price Index excludes Food, Household Energy and Vehicle Fuels.

New Zealand Consumer Price Index (CPI): Health: ME: Pharmaceutical data was reported at 1,007.000 Jun2017=1000 in Mar 2025. This stayed constant from the previous number of 1,007.000 Jun2017=1000 for Dec 2024. New Zealand Consumer Price Index (CPI): Health: ME: Pharmaceutical data is updated quarterly, averaging 972.500 Jun2017=1000 from Jun 1999 (Median) to Mar 2025, with 104 observations. The data reached an all-time high of 1,066.000 Jun2017=1000 in Sep 2024 and a record low of 821.573 Jun2017=1000 in Mar 2008. New Zealand Consumer Price Index (CPI): Health: ME: Pharmaceutical 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.