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

Consumer prices in New Zealand increased 1.1 percent year-on-year in the first three months of 2018 following a 1.6 percent increase in the previous quarter, matching market expectations. It was the slowest inflation since the third quarter of 2016. Inflation Rate in New Zealand averaged 4.69 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 Slows Further in Q1


Consumer prices in New Zealand increased 1.1 percent year-on-year in the first three months of 2018 following a 1.6 percent increase in the previous quarter, matching market expectations. It was the slowest inflation since the third quarter of 2016.

Lower inflation was mainly explained by softer price increases in the groups of food (0.6 percent vs 2.3 percent in the previous period), health (0.9 percent vs 1.0 percent), transport (0.5 percent vs 1.5 percent). Also, prices in the education group fell 5.1 percent after climbing 2.4 percent in the previous quarter.

In contrast, prices advanced at a faster pace for housing & household utilities (3.1 percent vs 3.0 percent) and alcoholic beverages & tobacco (4.5 percent vs 4.2 percent), explained by the annual tobacco tax increase on 1 January 2018, with prices up 11 percent. Meantime, prices for recreation and culture rebounded modestly (0.1 percent) after declining 1.1 percent in the previous period.

On a quarterly basis, consumer prices rose 0.5 percent in the first quarter of 2018, up from a 0.1 percent increase recorded in the previous period and also matching market expectations.



Mario | mario@tradingeconomics.com
4/19/2018 9:08:38 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-16 09:45 PM Inflation Rate YoY 1.9% 1.7% 1.8% 2%
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%
2018-07-17 10:45 PM Inflation Rate YoY 1.1% 1.60%
2018-10-16 09:45 PM Inflation Rate YoY 1.70%


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.60 44.00 -15.30 percent [+]
Inflation Rate Mom 0.50 0.10 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 1190.00 1178.00 1190.00 589.00 Index Points [+]
Producer Prices 1113.00 1106.00 1113.00 165.78 Index Points [+]
Export Prices 1174.00 1119.00 1269.00 85.30 Index Points [+]
Import Prices 802.00 772.00 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 2.30 1.40 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.60 44.00 -15.30 1918 - 2018 percent Quarterly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.76 Apr/18
Canada 2.20 Apr/18
China 1.80 Apr/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.58 Apr/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 0.60 Apr/18
Mexico 4.55 Apr/18
Netherlands 0.90 Apr/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Apr/18
Turkey 10.85 Apr/18
United Kingdom 2.40 Apr/18
United States 2.50 Apr/18


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