New Zealand Inflation Rate  1918-2017 | Data | Chart | Calendar | Forecast

Consumer prices in New Zealand increased 1.9 percent year-on-year in the third quarter of 2017, above market expectations of 1.8 percent and up from 1.7 percent in the previous period. The inflation rate regained footing after easing in Q2 for the first time in six quarters. In the third quarter, the food group (2.8 percent vs 2.0 percent); alcoholic beverages & tobacco (4.5 percent vs 3.7 percent); transport (2.0 percent vs 1.2 percent); clothing & footwear (0.5 percent vs 0.1 percent); and miscellaneous goods and services (2.5 percent vs 1.7 percent) were the main triggers behind the headline’s increase. Inflation Rate in New Zealand averaged 4.71 percent from 1918 until 2017, 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.

New Zealand Inflation Rate
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New Zealand Inflation Jumps To 1.9% In Q3


Consumer prices in New Zealand increased 1.9 percent year-on-year in the third quarter of 2017, above market expectations of 1.8 percent and up from 1.7 percent in the previous period. The inflation rate regained footing after easing in Q2 for the first time in six quarters.

In the third quarter, the food group (2.8 percent vs 2.0 percent); alcoholic beverages & tobacco (4.5 percent vs 3.7 percent); transport (2.0 percent vs 1.2 percent); clothing & footwear (0.5 percent vs 0.1 percent); and miscellaneous goods and services (2.5 percent vs 1.7 percent) were the main triggers behind the headline’s increase. In contrast, prices of household contents & services declined by 1.0 percent following a 0.6 percent climb in the previous quarter. The health component grew at a more moderate pace of 2.0 percent (vs 2.8 percent in Q2).

On a quarterly basis, consumer prices increased 0.5 percent in the third quarter of 2017, up from the 0.0 percent recorded in the previous period and market expectations of a 0.4 percent rise. Prices of food climbed 1.1 percent after a 0.7 percent increase in the previous quarter. Alcoholic beverages & tobacco jumped 0.7 percent following a 0.1 percent uptick in the previous three months. Meanwhile, household contents & services rebounded by 0.7 percent after a 0.9 percent decline in Q2. 

Mario | mario@tradingeconomics.com
10/16/2017 10:52:19 PM


Recent Releases

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Calendar GMT Actual Previous Consensus TEForecast
2017-04-19 10:45 PM Inflation Rate YoY 2.2% 1.3% 2% 1.9%
2017-07-17 10:45 PM Inflation Rate YoY 1.7% 2.2% 1.9% 2%
2017-10-16 09:45 PM Inflation Rate YoY 1.9% 1.7% 1.8% 2%


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.70 44.00 -15.30 percent [+]
Inflation Rate Mom 0.50 0.00 8.91 -0.81 percent [+]
Consumer Price Index CPI 1226.00 1226.00 1226.00 34.30 Index Points [+]
Core Consumer Prices 1228.00 1227.00 1228.00 629.50 Index Points [+]
Core Inflation Rate 1.74 2.16 7.91 0.00 percent [+]
GDP Deflator 1155.00 1168.00 1168.00 589.00 Index Points [+]
Producer Prices 1083.00 1068.00 1083.00 165.78 Index Points [+]
Export Prices 1139.00 1113.00 1269.00 85.30 Index Points [+]
Import Prices 793.00 786.00 1128.00 70.43 Index Points [+]
CPI Transportation 1071.00 1085.00 1178.00 796.00 Index Points [+]
Food Inflation 3.00 2.30 10.81 -1.99 percent [+]
Inflation Expectations 2.10 2.20 8.30 1.60 percent [+]


New Zealand Inflation Rate

In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18.8 percent; Transport for 15 percent; Recreation and Culture for 9.4 percent; Miscellaneous Goods and Services for 7.4 percent and Alcoholic beverages and Tobacco for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Health; Communication and Education account for the remaining 18.2 percent of total weight. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.70 44.00 -15.30 1918 - 2017 percent Quarterly




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.40 Aug/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 3.00 Sep/17
United States 2.20 Sep/17