The annual inflation rate in New Zealand increased 6.9% in the first quarter of 2022, following a 5.9 percent gain in the previous period but below forecasts of 7.1%. It was the highest since the second quarter of 1990, as prices advanced faster for housing & utilities (8.6 percent vs 7.6 percent in Q4 2021), food & non-alcoholic beverages (6.7 percent vs 4.1 percent), recreation & culture (4.8 percent vs 4.7 percent), miscellaneous good & services (5.6 percent vs 4.9 percent) and alcoholic beverages and tobacco (2.9 percent vs 1.8 percent). On the other hand, transport prices rose at a softer pace (14.3 percent vs 15.0 percent). Compared to the previous quarter, inflation increased to 1.8 percent. 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 June 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.

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New Zealand Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-01-26 09:45 PM Q4 5.9% 4.9% 5.7% 5.8%
2022-04-20 10:45 PM Q1 6.9% 5.9% 7.1% 7.4%
2022-07-17 10:45 PM Q2 6.9%


Related Last Previous Unit Reference
Inflation Rate 6.90 5.90 percent Mar 2022
Inflation Rate Mom 1.80 1.40 percent Mar 2022
Consumer Price Index CPI 1142.00 1122.00 points Mar 2022
Core Consumer Prices 1132.00 1115.00 points Mar 2022
GDP Deflator 1330.00 1303.00 points Mar 2022
Producer Prices 1302.00 1256.00 points Mar 2022
Export Prices 1475.00 1368.00 points Mar 2022
Import Prices 967.00 902.00 points Mar 2022
Food Inflation 6.80 6.40 percent May 2022
CPI Transportation 1199.00 1161.00 points Mar 2022
CPI Housing Utilities 1212.00 1190.00 points Mar 2022

New Zealand Inflation Rate
In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18.8 percent; Transport for 15 percent; Recreation and Culture for 9.4 percent; Miscellaneous Goods and Services for 7.4 percent and Alcoholic beverages and Tobacco for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Health; Communication and Education account for the remaining 18.2 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 5.90 44.00 -15.30 1918 - 2022 percent Quarterly

News Stream
New Zealand Inflation Rises to 30-Year Peak
The annual inflation rate in New Zealand increased 6.9% in the first quarter of 2022, following a 5.9 percent gain in the previous period but below forecasts of 7.1%. It was the highest since the second quarter of 1990, as prices advanced faster for housing & utilities (8.6 percent vs 7.6 percent in Q4 2021), food & non-alcoholic beverages (6.7 percent vs 4.1 percent), recreation & culture (4.8 percent vs 4.7 percent), miscellaneous good & services (5.6 percent vs 4.9 percent) and alcoholic beverages and tobacco (2.9 percent vs 1.8 percent). On the other hand, transport prices rose at a softer pace (14.3 percent vs 15.0 percent). Compared to the previous quarter, inflation increased to 1.8 percent.
2022-04-20
New Zealand Inflation Rate Highest in a Decade
Annual inflation rate in New Zealand increased to 4.9% in the third quarter of 2021, the highest since the second quarter of 2011 and above forecasts of 4.1%. Main upward pressure came from cost of housing and household utilities (6%), with home ownership up 12%; transport (13%), with private transport supplies and services up 15%; and food (3.1%), with restaurant meals and ready-to-eat food up 4.5%. Compared to the previous quarter, inflation increased to 2.2%, the highest since the December 2010 quarter. The main drivers were housing-related costs, such as construction of new houses and local authority rates.
2021-10-17
New Zealand Inflation Rate Hits 10-Year High
Annual inflation rate in New Zealand jumped to 3.3 percent year-on-year in the second quarter of 2021, from 1.5 percent in the previous three-month period and above market expectations of 2.8 percent. This was the biggest increase in consumer prices in nearly 10 years, reflecting a low base year due to the COVID-19 crisis and the ongoing economic recovery. Main upward pressure came from purchase of new housing (7.4 percent), petrol cost (16.1 percent), and rent prices (2.9 percent). On a quarterly basis, consumer prices rose by 1.3 percent, also the largest gain in over a decade.
2021-07-15