The Consumer Price Index in New Zealand increased 1.5% quarter-on-quarter in the second quarter of 2026, following a 0.9% rise in the previous period, above estimates of 1.4% and marking the highest level since Q3 2023. The acceleration was driven by higher petrol prices, which surged 20.1% and were the largest upward contributor to the quarterly increase. Other vehicle fuels and lubricants (up 47.7%), as well as the purchase of housing (up 1.6%), also contributed to the increase. Meanwhile, lower prices for fruit (down 8.5%) and domestic accommodation services (down 12.0%) helped offset the increase. source: Statistics New Zealand
The Consumer Price Index in New Zealand increased 1.50 percent in June 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 August of 2026.
The Consumer Price Index in New Zealand increased 1.50 percent in June of 2026 over the previous month. Inflation Rate MoM in New Zealand is expected to be 0.70 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, according to our econometric models.