Annual inflation rate in New Zealand increased to 2.5 percent in the first quarter of 2020 from 1.9 percent in the previous three months. It was the highest inflation rate since the third quarter of 2011, above market expectations of 2.1 percent. Prices advanced faster for housing & utilities (3.3 percent vs 3.0 in Q4); food & non-alcoholic beverages (3.3 percent vs 2.5 percent); recreation & culture (2.1 percent vs 0.7 percent); miscellaneous goods & services (2.9 percent vs 2.7 percent) and alcoholic beverages & tobacco (5.1 percent vs 4.9 percent). In addition, transport cost rebounded (1.5 percent vs -0.7 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.
Inflation Rate in New Zealand averaged 4.63 percent from 1918 until 2020, 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 July of 2020. source: Statistics New Zealand
Inflation Rate in New Zealand is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in New Zealand to stand at 1.00 in 12 months time. In the long-term, the New Zealand Inflation Rate is projected to trend around 0.80 percent in 2021 and 1.30 percent in 2022, according to our econometric models.