The Consumer Price Index in New Zealand increased 0.8 percent on quarter in the first three months of 2021, following a 0.5 percent rise in the previous quarter and beating expectations of a 0.7% gain. Transport prices surged 3.9 percent, largely driven by private transport supplies and services, which increased 4.9 percent. Housing and household utilities went up 0.9 percent, mainly due to higher actual rentals for housing (up 1 percent). Alcoholic beverages and tobacco rose 1.6 percent, boosted by higher prices for cigarettes and tobacco (up 2.7 percent). Food rose 0.6 percent, influenced by grocery food (up 0.9 percent) and restaurant meals and ready to eat foods (up 0.9 percent). source: Statistics New Zealand
Inflation Rate Mom in New Zealand averaged 1.05 percent from 1925 until 2021, 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 June of 2021.
Inflation Rate Mom in New Zealand is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in New Zealand to stand at 0.50 in 12 months time. In the long-term, the New Zealand Inflation Rate QoQ is projected to trend around 0.20 percent in 2022 and 0.40 percent in 2023, according to our econometric models.