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.

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.

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 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.

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.

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.

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.

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.

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.

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.

New Zealand Non Tradable Inflation: YoY data was reported at 4.000 % in Mar 2025. This records a decrease from the previous number of 4.500 % for Dec 2024. New Zealand Non Tradable Inflation: YoY data is updated quarterly, averaging 3.250 % from Jun 2000 (Median) to Mar 2025, with 100 observations. The data reached an all-time high of 6.800 % in Mar 2023 and a record low of 1.500 % in Sep 2015. New Zealand Non 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.

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.

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.

This report analyses trends in the consumer price index (CPI). The CPI measures the changing price of the goods and services New Zealand households buy. It is the standard measure of the rate of inflation in New Zealand. The index has a base of 1,000.0, with 2021-22 designated as the base year. The data for this report is sourced from Statistics New Zealand (Tatauranga Aotearoa).

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.

The labour market statistics information release combines data from three surveys to present a broad picture of the labour market.

From the Household Labour Force Survey (HLFS) we provide a picture of New Zealand's labour force – these statistics relate to employment, unemployment, and people not in the labour force.

The Quarterly Employment Survey (QES) estimates the demand for labour by New Zealand businesses – the levels and changes in employment, total weekly gross earnings, total weekly paid hours, average hourly and average weekly earnings, and average weekly paid hours in the industries we survey.

The Labour Cost Index (LCI) measures changes in salary and wage rates for a fixed quantity and quality of labour input. It is a measure of wage inflation, reflecting changes in the rates that employers pay to have the same job done to the same standard.

New Zealand Tradable Inflation: QoQ data was reported at 0.800 % in Mar 2025. This records an increase from the previous number of 0.300 % for Dec 2024. New Zealand Tradable Inflation: QoQ data is updated quarterly, averaging 0.300 % from Sep 1999 (Median) to Mar 2025, with 103 observations. The data reached an all-time high of 2.800 % in Sep 2021 and a record low of -2.100 % in Dec 2008. New Zealand 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.

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.