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.

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 the first quarter of 2025, the consumer price index (CPI) in New Zealand had decreased by *** percent in comparison to the same quarter of 2024. In the second quarter of 2022, the CPI in New Zealand experienced an increase of *** percent in comparison to the same period of 2021, which was the largest increase since the June quarter of 1990.

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.

Cost of food in New Zealand increased 5 percent in July 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 2023, the household living costs price index (HLPI) in New Zealand had increased by *** percent in comparison to the first quarter of 2022. During the period between the first quarter of 2020 and the first quarter 2021, the HLPI increased by *** percent.

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.

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 fourth quarter of 2022, the farming expenses price index (excluding livestock) in New Zealand had increased by **** percent in comparison to the fourth quarter of 2021. This followed a ** percent increase reported in the third quarter of 2022, which was the most significant annual increase over the reported period.

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.

Valori correnti, dati storici, previsioni, statistiche, grafici e calendario economico - Nuova Zelanda - Tasso di inflazione. 1918-2022 Dati | 2023-2024 Previsione.

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.

In the first quarter of 2025, the producers price index (PPI) for inputs in New Zealand had increased by *** percent in comparison to the first quarter of 2024. Between the second quarter of 2021 and 2022, the PPI in the country increased by almost ten percent.

In the June quarter of 2024, the consumer price index (CPI) in New Zealand was over ******* points. In June 2023, the CPI was around ** points lower. Overall, the CPI was rising during the observed period.

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 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.

In a survey conducted in New Zealand in June 2022, around ** percent of respondents who indicated feeling less wealthy than they did 12 months prior to the survey said it was due to the cost of living and inflation. Around ***** percent of respondents reported that their investments and shares had fallen.

New Zealand Tradable Inflation: YoY data was reported at 0.300 % in Mar 2025. This records an increase from the previous number of -1.100 % for Dec 2024. New Zealand Tradable Inflation: YoY data is updated quarterly, averaging 0.900 % from Jun 2000 (Median) to Mar 2025, with 100 observations. The data reached an all-time high of 8.700 % in Jun 2022 and a record low of -2.400 % in Mar 2015. New Zealand Tradable Inflation: YoY 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.

The benchmark interest rate in New Zealand was last recorded at 3 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.