Annual inflation rate in New Zealand increased to 1.9 percent in the last quarter of 2019 from 1.5 percent in the previous three months. It is the highest inflation rate in one year, above market expectations of 1.8 percent. Biggest upward pressure came from cost of housing and household utilities (3 percent), with rentals for housing up 3.1 percent, the most since the third quarter of 2008, property rates and related services up 5.0 percent, and purchase of housing up 2.4 percent. Food prices increased 2.5 percent, with restaurant meals and ready-to-eat food up 3.4 percent. Alcoholic beverages and tobacco increased 4.9 percent, with cigarettes and tobacco up 9.1 percent. On a quarterly basis, consumer prices rose 0.5 percent over the previous period, below 0.7 percent in the September quarter.

Inflation Rate in New Zealand averaged 4.64 percent from 1918 until 2019, 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. source: Statistics New Zealand

Inflation Rate in New Zealand is expected to be 2.20 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 1.90 in 12 months time. In the long-term, the New Zealand Inflation Rate is projected to trend around 2.00 percent in 2021, according to our econometric models.


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New Zealand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.50 44.00 -15.30 1918 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-16 10:45 PM Q1 1.5% 1.9% 1.7% 1.8%
2019-07-15 10:45 PM Q2 1.7% 1.5% 1.7% 1.7%
2019-10-15 09:45 PM Q3 1.5% 1.7% 1.4% 1.5%
2020-01-23 09:45 PM Q4 1.9% 1.5% 1.8% 1.8%
2020-04-19 10:45 PM Q1 1.9% 2.2%
2020-07-15 10:45 PM Q2 2.1%
2020-10-15 09:45 PM Q3 2%


News Stream
New Zealand Inflation Rate Beats Forecasts at 1.9%
Annual inflation rate in New Zealand increased to 1.9 percent in the last quarter of 2019 from 1.5 percent in the previous three months. It is the highest inflation rate in one year, above market expectations of 1.8 percent. Biggest upward pressure came from cost of housing and household utilities (3 percent), with rentals for housing up 3.1 percent, the most since the third quarter of 2008, property rates and related services up 5.0 percent, and purchase of housing up 2.4 percent. Food prices increased 2.5 percent, with restaurant meals and ready-to-eat food up 3.4 percent. Alcoholic beverages and tobacco increased 4.9 percent, with cigarettes and tobacco up 9.1 percent. On a quarterly basis, consumer prices rose 0.5 percent over the previous period, below 0.7 percent in the September quarter.
2020-01-23
New Zealand Annual Inflation Rate Eases to 1.5% in Q3
The annual inflation rate in New Zealand decreased to 1.5 percent in the third quarter of 2019 from 1.7 percent in the previous period but above market expectations of a 1.4 percent gain. The slowdown was mainly due to a fall in cost of transport. On a quarterly basis, consumer prices went up 0.7 percent, after rising 0.6 percent in the prior period, and higher than market forecasts of 0.6 percent.
2019-10-15
New Zealand Annual Inflation Rate Rises to 1.7% in Q2
The annual inflation rate in New Zealand climbed to 1.7 percent in the second quarter of 2019 from 1.5 percent in the previous period, matching market expectations. Prices rose further mainly due to cost of petrol. On a quarterly basis, consumer prices went up 0.6 percent, after rising 0.1 percent in the previous quarter, also matching forecasts.
2019-07-15
New Zealand Q1 Inflation Rate Eases to 1.5%
The annual inflation rate in New Zealand fell to 1.5 percent in the first quarter of 2019 from 1.9 percent in the previous period and below market expectations of 1.7 percent. The slowdown was mainly driven by a fall in cost of transport, communication and household contents and services. On a quarterly basis, consumer prices increased 0.1 percent, unchanged from the previous period and below forecasts of 0.3 percent.
2019-04-16

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.