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.

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.

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]

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.

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.

The rent price index in New Zealand in the fourth quarter of 2024 was 135.1, marking a rise from the same quarter of the previous year. This continued an upward trend of increasing rent prices compared to the base year of 2015.

Most of the raw data comes from Stats NZ. We use that to generate the indexes every quarter. The exception is the bitumen cost adjustment series, which we calculate and publish monthly.

Stats NZ open data - Infoshare (stats.govt.nz)

The zip folder contains four items.

Latest values for bitumen cost adjustment series.Latest index values for infrastructure cost indexes - ORIGINAL 1991 series.Latest values for infrastructure cost indexes NEW series.Latest cost index values for public transport.

You can find out more, including reading the procurement manual, on the procurement tools page on nzta.govt.nz. See the links below.

Procurement tools page (nzta.govt.nz)Contract price adjustment for cost fluctuation: infrastructure contracts [PDF, 1.1 MB]

Note: file name is 'instructions-for-bitumen-volumetric-approach'.

Adjuster tool (adjuster.nz)Cost indices for public transport [PDF, 388 KB]Bus and ferry cost indexation tool (nzta.govt.nz)

Data reuse caveats: As per licence.

Data quality statement: Stats NZ releases the source data that Waka Kotahi uses to generate these indexes. The indexes are fixed every quarter, except for the bitumen series (fixed monthly).

Data quality caveats: See data quality statement.

Photo: screenshot from procurement manual cover, showing roadworks. Credit: Waka Kotahi NZ Transport Agency.

Transportdelen av CPI-kurven i New Zealand økte til 1254 poeng i fjerde kvartal 2024 fra 1236 poeng i tredje kvartal 2024. Gjeldende verdier, historiske data, prognoser, statistikk, diagrammer og økonomiske kalender - New-Zealand - KPI Transport.

L'IPC Abitazioni Servizi Pubblici in Nuova Zelanda è aumentato a 1405 punti nel quarto trimestre del 2024 dai 1398 punti nel terzo trimestre del 2024. Valori correnti, dati storici, previsioni, statistiche, grafici e calendario economico - Nuova Zelanda - Utility di alloggiamento CPI.

The NZDUSD increased 0.0033 or 0.57% to 0.5746 on Tuesday March 25 from 0.5714 in the previous trading session. New Zealand Dollar - values, historical data, forecasts and news - updated on March of 2025.