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.

The Consumer Price Index in New Zealand increased 0.50 percent in December of 2024 over the previous month. This dataset provides - New Zealand Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first quarter of 2023, the consumer price index (CPI) in New Zealand had increased by 6.7 percent in comparison to the same quarter of 2022. In the second quarter of 2022, the CPI in New Zealand experienced an increase of 7.3 percent in comparison to the same period of 2021, which was the largest increase since the June quarter of 1990.

In July 2024, the food price index in New Zealand had risen by around 0.6 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.

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;

Cost of food in New Zealand increased 2.40 percent in February 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.

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]

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.

The benchmark interest rate in New Zealand was last recorded at 3.75 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Market Scope Survey: Current of Inflation: Median data was reported at 1.700 % in Sep 2018. This records a decrease from the previous number of 2.000 % for Jun 2018. New Zealand Market Scope Survey: Current of Inflation: Median data is updated quarterly, averaging 3.000 % from Mar 1995 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 4.000 % in Sep 2011 and a record low of 1.500 % in Mar 2016. New Zealand Market Scope Survey: Current of Inflation: Median 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.S014: Marketscope Survey.

The Gross Domestic Product per capita in New Zealand was last recorded at 41766.87 US dollars in 2023. The GDP per Capita in New Zealand is equivalent to 331 percent of the world's average. This dataset provides - New Zealand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Input Producer Prices in New Zealand decreased to 1426 points in the fourth quarter of 2024 from 1439 points in the third quarter of 2024. This dataset includes a chart with historical data for New Zealand Input Producer Prices.

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.

Key information about House Prices Growth

• New Zealand house prices dropped 0.9% YoY in Sep 2024, following an increase of 1.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Dec 1990 to Sep 2024, with an average growth rate of 5.3%.
• House price data reached an all-time high of 30.5% in Sep 2021 and a record low of -12.1% in Mar 2023.

CEIC calculates House Prices Growth from quarterly House Price Index. The Reserve Bank of New Zealand provides House Price Index, calculated from Reserve Bank of New Zealand estimates, with base December 2003=1000.

市场范围调查：当期通货膨胀率：中位数在09-01-2018达1.700%，相较于06-01-2018的2.000%有所下降。市场范围调查：当期通货膨胀率：中位数数据按季更新，03-01-1995至09-01-2018期间平均值为3.000%，共93份观测结果。该数据的历史最高值出现于09-01-2011，达4.000%，而历史最低值则出现于03-01-2016，为1.500%。CEIC提供的市场范围调查：当期通货膨胀率：中位数数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – 表 NZ.S014：市场分析调研。

The NZDUSD increased 0.0011 or 0.20% to 0.5749 on Wednesday March 26 from 0.5738 in the previous trading session. New Zealand Dollar - values, historical data, forecasts and news - updated on March of 2025.

The main stock market index in New Zealand (NZX 50) decreased 805 points or 6.14% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from New Zealand. New Zealand Stock Market (NZX 50) - values, historical data, forecasts and news - updated on March of 2025.

House Price Index YoY in New Zealand decreased to -1.40 percent in February from -1.30 percent in January of 2025. This dataset includes a chart with historical data for New Zealand House Price Index YoY.