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. source: Statistics New Zealand
Inflation Rate in New Zealand averaged 4.60 percent from 1918 until 2021, 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 January of 2022.
Inflation Rate in New Zealand is expected to be 5.30 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 3.20 percent in 2022 and 2.70 percent in 2023, according to our econometric models.