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. Inflation Rate in New Zealand averaged 4.65 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.
Inflation Rate in New Zealand is expected to be 1.90 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 2020, according to our econometric models.