The annual inflation rate in New Zealand increased 7.3 percent in the second quarter of 2022, following a 6.9 percent gain in the previous period and above forecasts of 7.1 percent. It was the highest since the second quarter of 1990, as prices advanced faster for housing & utilities (9.1 percent vs. 8.6 percent in Q1 2022), transportation (14.5 percent vs. 14.3 percent), recreation & culture (4.9 percent vs. 4.8 percent) and alcoholic beverages & tobacco (3.7 percent vs. 2.9 percent). On the other hand, prices eased for food & non-alcoholic beverages (6.5 percent vs. 6.7 percent) and miscellaneous goods & services (5.5 percent vs. 5.6 percent). Compared to the previous quarter, inflation rose 1.7 percent, easing from a 1.8 percent gain in the last period but above market expectations of a 1.5 percent gain. source: Statistics New Zealand
Inflation Rate in New Zealand averaged 4.61 percent from 1918 until 2022, 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 August of 2022.
Inflation Rate in New Zealand is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Inflation Rate is projected to trend around 3.50 percent in 2023 and 3.30 percent in 2024, according to our econometric models.