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.