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.

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.

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.

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 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 2.67 percent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 2.53 percent. Compared to a year ago, we see a decrease from...

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.

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.

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 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.

Inflation rate (GDP deflator) of New Zealand slumped by 13.21% from 4.1 % in 2023 to 3.6 % in 2024. Since the 29.10% surge in 2022, inflation rate (GDP deflator) sank by 38.87% in 2024. 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.

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.

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 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, GDP deflator: linked series (annual %) in New Zealand was reported at 3.6014 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

Inflation, consumer prices (annual %) in New Zealand was reported at 2.9228 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

New Zealand House Price Inflation: Net Percent Expecting data was reported at 72.100 % in Mar 2025. This records an increase from the previous number of 47.600 % for Dec 2024. New Zealand House Price Inflation: Net Percent Expecting data is updated quarterly, averaging 72.100 % from Mar 2022 (Median) to Mar 2025, with 13 observations. The data reached an all-time high of 91.400 % in Mar 2022 and a record low of 47.600 % in Dec 2024. New Zealand House Price Inflation: Net Percent Expecting 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.

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 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.