New Zealand Inflation Rate 1918-2014 | Data | Chart | Calendar | Forecast

The inflation rate in New Zealand was recorded at 1.60 percent in the second quarter of 2014. Inflation Rate in New Zealand averaged 4.84 Percent from 1918 until 2014, 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 reported by the Statistics New Zealand.

   
 
 

New Zealand Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 44.00 -15.30 1918 - 2014 Percent Quarterly
In New Zealand, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - New Zealand Inflation Rate - was last refreshed on Monday, September 22, 2014.


New Zealand Inflation Rate Rises to 1.6% in Q2


The CPI increased 1.6 percent in the second quarter of 2014, following a 1.5 percent rise in the previous period, mainly due to higher housing cost.

Half of the latest annual increase came from housing and household utility prices, which increased 3.4 percent. The price of buying a newly built house without land increased 4.6 percent for the year. In Auckland the increase was 5.5 percent and in Canterbury it was 6.4 percent,

In addition to newly built houses, housing rentals (up 2.2 percent), electricity (up 4.5 percent), property maintenance (up 3.4 percent), and local authority rates (up 4.1 percent) also went up.

Cigarette and tobacco prices increased 10.2 percent, reflecting an increase in excise duty in January. Petrol prices increased 2.8 percent for the year.

The main downward contribution for the year came from cheaper audio-visual and computing equipment (down 9.8 percent). Vehicle prices (down 2.9 percent) also decreased, reflecting lower prices for both new and second-hand cars. The strong New Zealand dollar has had a downward influence on the retail prices of internationally traded goods, including cars and appliances.

On a quarter-on-quarter basis, consumer prices rose 0.3 percent, the same rate recorded in the previous period. Higher housing-related prices and vegetable prices were partly countered by cheaper package holidays, cars, and fruit.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
7/16/2014 12:00:43 AM


Recent Releases

New Zealand Inflation Rate Slows in Q1
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent. Published on 2014-04-15

New Zealand Inflation Rate Edges Up to 1.6% in Q4 2013
In the fourth quarter of 2013, New Zealand inflation rate accelerated to an annual 1.6 percent, the highest annual rise since the March 2012 quarter. Published on 2014-01-20


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-10-15 10:45 PM New Zealand
Inflation Rate YoY
Q3 2013 1.4% 0.7% 1.3% 0.64%
2014-01-20 09:45 PM New Zealand
Inflation Rate YoY
Q4 2013 1.6% 1.4% 1.5% 0.67%
2014-04-15 11:45 PM New Zealand
Inflation Rate YoY
Q1 2014 1.5% 1.6% 1.7% 1.76%
2014-07-15 11:45 PM New Zealand
Inflation Rate YoY
Q2 2014 1.6% 1.5% 1.8% 1.81%
2014-10-22 11:45 PM New Zealand
Inflation Rate YoY
Q3 2014 1.6% 2%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.50 44.00 -15.30 Percent [+]
Inflation Rate Mom 0.30 0.30 8.91 -0.81 Percent [+]
Consumer Price Index CPI 1195.00 1192.00 1195.00 34.30 Index Points [+]
Core Inflation Rate 1.69 1.45 7.91 0.68 Percent [+]
Core Consumer Prices 1197.00 1193.00 1197.00 629.50 Index Points [+]
GDP Deflator 1501.00 1487.00 1501.00 791.00 Index Points [+]
Producer Prices 1066.00 1077.00 1077.00 165.78 Index Points [+]
Export Prices 1191.00 1182.00 1269.00 85.30 Index Points [+]
Import Prices 843.00 851.00 1128.00 70.43 Index Points [+]
Food Inflation -0.10 1.17 10.81 -1.99 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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