Annual inflation rate in New Zealand increased to 1.5 percent in the first quarter of 2021 from 1.4 percent in the previous three months and compared with market expectations of a 1.4% gain. Transport prices rebounded (1.7 percent vs -3.7 percent in Q4) while cost advanced faster for miscellaneous good and services (1.9 percent vs 1.6 percent) and education (2.6 percent vs 0.9 percent). Meantime, housing and household utilities inflation was steady (at 2.6 percent). In contrast, prices went up at a softer pace for food (1.1 percent vs 2.5 percent) and recreation and culture (0.7 percent vs 1.8 percent). On a quarterly basis, consumer prices rose 0.8 percent over the previous period, following a 0.5 percent increase in the prior quarter. source: Statistics New Zealand
Inflation Rate in New Zealand averaged 4.60 percent from 1918 until 2021, reaching an all time high of 44 percent in the third quarter of 1918 and a record low of -15.30 percent in the first quarter of 1923. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in New Zealand is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in New Zealand to stand at 1.80 in 12 months time. In the long-term, the New Zealand Inflation Rate is projected to trend around 1.20 percent in 2022, according to our econometric models.