Core consumer prices in New Zealand increased 3.20 percent in March of 2026 over the same month in the previous year. Core Inflation Rate in New Zealand averaged 2.53 percent from 2000 until 2026, reaching an all time high of 7.40 percent in the fourth quarter of 2022 and a record low of 0.50 percent in the fourth quarter of 2015. source: Statistics New Zealand

Core Inflation Rate in New Zealand is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Core Inflation Rate is projected to trend around 2.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
ANZ Commodity Prices YoY 3.40 -1.10 percent Mar 2026
CPI 1339.00 1327.00 points Mar 2026
Core Consumer Prices 1336.00 1325.00 points Mar 2026
Core Inflation Rate 3.20 3.20 percent Mar 2026
CPI Housing Utilities 1463.00 1454.00 points Mar 2026
CPI Transportation 1306.00 1287.00 points Mar 2026
Export Prices 1658.00 1575.00 points Dec 2025
Export Prices 5.30 -1.60 percent Dec 2025
Food Inflation YoY 3.40 4.50 percent Mar 2026
GDP Deflator 1561.00 1542.00 points Dec 2025
Import Prices 1041.00 1026.00 points Dec 2025
Import Prices 1.50 0.50 percent Dec 2025
Business Inflation Expectations 2.37 2.28 percent Mar 2026
Inflation Rate YoY 3.10 3.10 percent Mar 2026
Inflation Rate QoQ 0.90 0.60 percent Mar 2026
Input Producer Prices 1472.00 1479.00 points Dec 2025
PPI Input -0.50 0.20 percent Dec 2025
PPI Output 0.10 0.60 percent Dec 2025
Producer Prices 1494.00 1492.00 points Dec 2025
Producer Prices Change 3.50 3.30 percent Dec 2025


New Zealand Core Inflation Rate
In New Zealand, the core inflation rate tracks changes in prices that consumers pay for a basket of goods that excludes gasoline costs.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 7.40 0.50 2000 - 2026 percent Quarterly
NSA