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.

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.

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.

New Zealand: Inflation forecast: The latest value from 2030 is 2.02 percent, unchanged from 2.02 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for New Zealand from 1986 to 2030 is 3 percent. The minimum value, 0.08 percent, was reached in 2015 while the maximum of 18.37 percent was recorded in 1986.

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 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 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 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.

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.

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 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.

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 June of 2025.

Inflation, GDP deflator (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 (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Inflation, GDP deflator: linked series (annual %) in New Zealand was reported at 4.7585 % in 2023, 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 June 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.

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.

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;

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.