New Zealand Inflation Rate  1918-2018 | Data | Chart | Calendar | Forecast

Consumer prices in New Zealand increased 1.5 percent year-on-year in the second quarter of 2018 following a 1.1 percent increase in the previous quarter. The print came slightly below consensus (1.6 percent) and was the second slowest inflation rate in the last six quarters. The largest contributor to inflation was higher prices for housing and household utilities, up 3.1 percent in the year to June 2018. Inflation Rate in New Zealand averaged 4.68 percent from 1918 until 2018, 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 Rate Climbs in Q2


Consumer prices in New Zealand increased 1.5 percent year-on-year in the second quarter of 2018 following a 1.1 percent increase in the previous quarter. The print came slightly below consensus (1.6 percent) and was the second slowest inflation rate in the last six quarters.

Higher inflation was mainly explained by the alcoholic beverages & tobacco group, up 5.6 percent compared to a 4.5 percent climb in the previous quarter. Prices in the transport group also rose faster this quarter (up 2.0 percent vs 0.5 percent in Q1), while food inflation edged up to 0.7 percent from 0.6 percent. Meantime, prices for housing and household utilities remained increasing at a 3.1 percent pace.

In contrast, prices for household contents and services declined (-0.1 percent vs -1.0 percent in Q1)) for the fourth straight quarter, while clothing & footwear costs (-0.7 percent vs -1.4 percent) were down for the third consecutive period. In addition, prices for communication declined at a faster pace of 4.9 percent compared to 4.7 percent in the previous quarter, while education costs decreased 5.2 percent (vs -5.1 percent). 

On a quarterly basis, consumer prices rose 0.4 percent in the second quarter of 2018, slightly down from a 0.5 percent increase recorded in the previous period and also below market expectations (of 0.5 percent). 


Mario | mario@tradingeconomics.com
7/16/2018 11:03:00 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-24 09:45 PM Inflation Rate YoY 1.6% 1.9% 1.9% 1.9%
2018-04-18 10:45 PM Inflation Rate YoY 1.1% 1.6% 1.1% 1.2%
2018-07-16 10:45 PM Inflation Rate YoY 1.5% 1.1% 1.6% 1.6%
2018-10-16 09:45 PM Inflation Rate YoY 1.5% 2.2%


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.10 44.00 -15.30 percent [+]
Inflation Rate Mom 0.40 0.50 8.90 -4.10 percent [+]
Consumer Price Index CPI 1011.00 1006.00 1011.00 16.50 Index Points [+]
Core Consumer Prices 1012.00 1006.00 1012.00 512.60 Index Points [+]
Core Inflation Rate 1.28 1.59 7.91 0.00 percent [+]
GDP Deflator 1181.00 1190.00 1190.00 589.00 Index Points [+]
Producer Prices 1113.00 1106.00 1113.00 165.78 Index Points [+]
Export Prices 1155.00 1180.00 1269.00 85.30 Index Points [+]
Import Prices 799.00 802.00 1128.00 70.43 Index Points [+]
Inflation Expectations 2.00 2.10 8.30 1.60 percent [+]
Cpi Housing Utilities 1022.00 1016.00 1022.00 536.80 Index Points [+]
CPI Transportation 1018.00 1020.00 1099.90 743.20 Index Points [+]
Food Inflation 0.20 -0.10 25.20 -2.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.10 44.00 -15.30 1918 - 2018 percent Quarterly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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