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.

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New Zealand Inflation Rate


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
4.90 3.30 44.00 -15.30 1918 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 10:45 PM Q2 3.3% 1.5% 2.8% 2.4%
2021-10-17 09:45 PM Q3 4.9% 3.3% 4.1% 3.9%
2022-01-26 09:45 PM Q4 4.9% 5.6% 5.8%


Related Last Previous Unit Reference
Inflation Rate 4.90 3.30 percent Sep/21
Inflation Rate Mom 2.20 1.30 percent Sep/21
Consumer Price Index CPI 1106.00 1082.00 points Sep/21
Core Consumer Prices 1102.00 1080.00 points Sep/21
GDP Deflator 1295.00 1269.00 points Sep/21
Producer Prices 1242.00 1222.00 points Sep/21
Export Prices 1331.00 1274.00 points Sep/21
Import Prices 867.00 835.00 points Sep/21
Food Inflation 4.50 4.00 percent Dec/21
CPI Transportation 1117.00 1072.00 points Sep/21
CPI Housing Utilities 1167.00 1137.00 points Sep/21


News Stream
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
New Zealand Inflation Rate Climbs in Q1
Annual inflation rate in New Zealand increased to 1.5 percent in the first quarter of 2021 from 1.4 percent in the previous three months and compared with market expectations of a 1.4% gain. Transport prices rebounded (1.7 percent vs -3.7 percent in Q4) while cost advanced faster for miscellaneous good and services (1.9 percent vs 1.6 percent) and education (2.6 percent vs 0.9 percent). Meantime, housing and household utilities inflation was steady (at 2.6 percent). In contrast, prices went up at a softer pace for food (1.1 percent vs 2.5 percent) and recreation and culture (0.7 percent vs 1.8 percent). On a quarterly basis, consumer prices rose 0.8 percent over the previous period, following a 0.5 percent increase in the prior quarter.
2021-04-20