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.

New Zealand: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.9 percent, a decline from 5.7 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for New Zealand from 1960 to 2024 is 5.4 percent. The minimum value, -0.1 percent, was reached in 1999 while the maximum of 17.2 percent was recorded in 1980.

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.

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.

Historical dataset showing New Zealand inflation rate by year from 1960 to 2024.

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.

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.

New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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: Linked Series data is updated yearly, averaging 1.817 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 4.861 % in 2013 and a record low of -0.503 % in 2012. New Zealand NZ: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Inflation Expectations in New Zealand decreased to 2.28 percent in the third quarter of 2025 from 2.29 percent in the second quarter of 2025. This dataset provides - New Zealand Business Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Non Tradable Inflation: QoQ data was reported at 1.100 % in Mar 2025. This records an increase from the previous number of 0.700 % for Dec 2024. New Zealand Non Tradable Inflation: QoQ data is updated quarterly, averaging 0.800 % from Sep 1999 (Median) to Mar 2025, with 103 observations. The data reached an all-time high of 2.200 % in Dec 2010 and a record low of -0.100 % in Mar 2001. New Zealand Non Tradable Inflation: QoQ 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.

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.

This line chart displays inflation (annual %) by date using the aggregation median in New Zealand. The data is about countries per year.

This dataset is about countries per year in New Zealand. It has 1 row and is filtered where the date is 2021. It features 4 columns: country, inflation, and birth rate.

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.

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.

In the fourth quarter of 2024, the household living costs price index (HLPI) in New Zealand was ***** points. After a slight drop in the second quarter of 2020, the quarterly HLPI has continually increased since.

Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q1 2025 about New Zealand, residential, HPI, housing, real, price index, indexes, and price.

New Zealand Producers Price Index: Output: Construction data was reported at 1,702.000 Dec2010=1000 in Dec 2024. This records an increase from the previous number of 1,697.000 Dec2010=1000 for Sep 2024. New Zealand Producers Price Index: Output: Construction data is updated quarterly, averaging 993.316 Dec2010=1000 from Jun 1994 (Median) to Dec 2024, with 123 observations. The data reached an all-time high of 1,702.000 Dec2010=1000 in Dec 2024 and a record low of 621.658 Dec2010=1000 in Jun 1994. New Zealand Producers Price Index: Output: Construction data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.I014: Producer Price Index: Dec2010=1000.

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.

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.