The Consumer Price Index in New Zealand increased 0.6%, following a 1.0% rise in the previous period. International air transport, up 7.2%, was the largest upwards contributor to the quarterly rise, while petrol, up 2.5%, also added to the increase. Lower vegetable prices, down 16.5%, helped offset the quarterly rise, driven by seasonal falls for tomatoes, cucumbers, capsicums, lettuce, and broccoli. source: Statistics New Zealand

The Consumer Price Index in New Zealand increased 1 percent in September of 2025 over the previous month. Inflation Rate MoM in New Zealand averaged 1.05 percent from 1925 until 2025, 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 February of 2026.

The Consumer Price Index in New Zealand increased 1 percent in September of 2025 over the previous month. Inflation Rate MoM in New Zealand is expected to be 0.40 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 0.40 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-19 09:45 PM
Inflation Rate QoQ
Q3 1% 0.5% 0.9%
2026-01-22 09:45 PM
Inflation Rate QoQ
Q4 0.6% 1% 0.5% 0.6%
2026-04-20 10:45 PM
Inflation Rate QoQ
Q1 0.6% 0.4%


Related Last Previous Unit Reference
CPI 1327.00 1319.00 points Dec 2025
Core Consumer Prices 1325.00 1317.00 points Dec 2025
CPI Housing Utilities 1454.00 1447.00 points Dec 2025
CPI Transportation 1287.00 1258.00 points Dec 2025
Export Prices 1575.00 1601.00 points Sep 2025
Food Inflation YoY 4.00 4.40 percent Dec 2025
GDP Deflator 1541.00 1536.00 points Sep 2025
Import Prices 1026.00 1021.00 points Sep 2025
Inflation Rate YoY 3.10 3.00 percent Dec 2025
Inflation Rate 0.60 1.00 percent Dec 2025
Producer Prices 1492.00 1483.00 points Sep 2025


New Zealand Inflation Rate QoQ
Inflation Rate QoQ measures quarter over quarter change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.00 8.90 -4.10 1925 - 2025 percent Quarterly

News Stream
New Zealand Quarterly Inflation Below Forecasts in Q2
New Zealand's Consumer Price Index rose 0.5% quarter-on-quarter in the three months to June 2025, easing from a 0.9% increase in the previous quarter and falling short of market expectations of 0.6%. The largest contributor to the quarterly increase was cultural services, which jumped 9.5%, largely due to higher prices for TV streaming subscriptions. This category accounted for 25.8% of the overall CPI rise. Electricity prices also climbed 4.9%, contributing 24.7%, while vegetable prices surged 10%, adding 20.4% to the total increase. These gains were partially offset by declining fuel and accommodation costs. Petrol prices fell 4.8%, exerting a -31.7% drag on the index, while domestic accommodation services dropped 9.2%, contributing -11.1%. On an annual basis, CPI rose 2.7% in the June quarter, slightly higher than the 2.5% increase recorded in the previous period.
2025-07-20
New Zealand Quarterly Inflation Rise to 0.9% in Q1
The Consumer Price Index in New Zealand picked up to 0.9% in March quarter of 2025 over the previous quarter following a 0.5% increase in the three month to December 2024. It marked the highest reading since September 2023, compared to market estimates of 0.7% rise. The largest contributor to the quarterly rise was petrol prices, which climbed 4.6%, accounting for 17% of the overall 0.9% increase. Prices for tertiary and other post-school education surged 22.6% in the March 2025 quarter, contributing 11% to the total CPI rise. This jump follows the end of the first-year Fees Free program at the close of 2024, which was replaced by a final-year Fees Free scheme beginning on 1 January 2025. Students who previously claimed the first-year Fees Free benefit are not eligible for the final-year scheme, resulting in more students bearing the full cost of study in 2025. On an annual basis, consumer prices rose 2.5% in the March quarter, up from a 2.2% increase recorded in the previous period.
2025-04-16