The Consumer Price Index in New Zealand increased by 0.9% quarter-on-quarter in the first quarter of 2026, following a 0.6% rise in the previous period. The acceleration was driven by higher petrol prices, which rose 3.5% and were the largest upward contributor to the quarterly increase. Pharmaceutical products (up 17.7%), as well as confectionery, nuts, and snacks (up 6.2%), also contributed to the rise. Meanwhile, lower international air transport (down 7.0%) and overseas accommodation prepaid in New Zealand (down 4.0%) helped offset the increase. source: Statistics New Zealand
The Consumer Price Index in New Zealand increased 0.90 percent in March of 2026 over the previous month. Inflation Rate MoM in New Zealand averaged 1.05 percent from 1925 until 2026, reaching an all time high of 8.90 percent in the fourth quarter of 1986 and a record low of -4.10 percent in the second quarter of 1932. This page provides - New Zealand Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate QoQ - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.
The Consumer Price Index in New Zealand increased 0.90 percent in March of 2026 over the previous month. Inflation Rate MoM in New Zealand is expected to be 0.90 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 QoQ is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.