Average inflation in New Zealand

Estadistica Nueva Zelanda · Anual · Importance 75

IMF forecast (WEO): 2026: 3.1% 2027: 2.3% 2028: 2.1% 2029: 2.0% 2030: 2.0% 2031: 2.0%

4.1% (Q2-26) YOY · % · Trimestral · CSV

Period	%
Apr 2026	4.1%
Jan 2026	3.1%
Oct 2025	3.1%
Jul 2025	3.0%
Apr 2025	2.7%
Jan 2025	2.5%
Oct 2024	2.2%
Jul 2024	2.2%
Apr 2024	3.3%
Jan 2024	4.0%
Oct 2023	4.7%
Jul 2023	5.6%
Apr 2023	6.0%
Jan 2023	6.7%
Oct 2022	7.2%
Jul 2022	7.2%
Apr 2022	7.3%
Jan 2022	6.9%
Oct 2021	5.9%
Jul 2021	4.9%
Apr 2021	3.3%
Jan 2021	1.5%
Oct 2020	1.4%
Jul 2020	1.4%
Apr 2020	1.5%
Jan 2020	2.5%
Oct 2019	1.9%
Jul 2019	1.5%
Apr 2019	1.7%
Jan 2019	1.5%
Oct 2018	1.9%
Jul 2018	1.9%
Apr 2018	1.5%
Jan 2018	1.1%
Oct 2017	1.6%
Jul 2017	1.9%
Apr 2017	1.7%
Jan 2017	2.2%
Oct 2016	1.3%
Jul 2016	0.4%
Apr 2016	0.4%
Jan 2016	0.4%
Oct 2015	0.1%
Jul 2015	0.4%
Apr 2015	0.4%
Jan 2015	0.3%
Oct 2014	0.8%
Jul 2014	1.0%
Apr 2014	1.6%
Jan 2014	1.5%
Oct 2013	1.6%
Jul 2013	1.4%
Apr 2013	0.7%
Jan 2013	0.9%
Oct 2012	0.9%
Jul 2012	0.8%
Apr 2012	1.0%
Jan 2012	1.6%
Oct 2011	1.8%
Jul 2011	4.6%

About this indicator

Source	International Monetary Fund
Frequency	Anual
Release	Publicación anual, referida al conjunto del ejercicio y sujeta a revisión.
What it is	This tracks New Zealand's inflation from the Consumer Price Index (CPI) published by Stats NZ, capturing the change in the price of a representative basket of goods and services bought by households. The headline figure is the annual change in prices.
How it's calculated	Stats NZ compiles the CPI on a quarterly basis, weighting prices by household spending on a base year (index 100). The headline figure is the year-on-year change (%), with the quarter-on-quarter change also released.
Market implications	It is the central reference for Reserve Bank of New Zealand (RBNZ) monetary policy, which operates an inflation target. A hotter-than-expected print reinforces expectations of higher rates and tends to support the New Zealand dollar; a soft print opens the door to cuts.
Limitations	Its quarterly frequency means it arrives with a lag versus the monthly CPIs of other economies, which can amplify the market reaction at each release. It captures only basket prices, and core measures stripping out volatile items are followed for the underlying trend.