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New Zealand Inflation RateThe inflation rate in New Zealand was recorded at 1.60 percent in March of 2012. Historically, from 1918 until 2012, New Zealand Inflation Rate averaged 4.9300 Percent reaching an all time high of 44.0000 Percent in September of 1918 and a record low of -15.3000 Percent in March of 1923. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for New Zealand Inflation Rate.
New Zealand Inflation Down to 1.8% in Q4
Published on 1/19/2012 7:18:29 PM
| By TradingEconomics.com, Statistics New Zealand
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.
On an annual basis, petrol prices increased 11 percent. Also rising were cigarettes and tobacco (up 9.4 percent), housing rentals (up 2.0 percent), second-hand cars (up 5.1 percent), and local authority rates (up 4.6 percent).
The consumers price index (CPI) fell 0.3 percent for the December 2011 quarter due to 25 percent decrease in vegetable prices.
The larger-than-usual fall for vegetables reflects a supply shortage in the three months to September.Prices were also lower for telecommunication services, furniture, kitchenware, and appliances. These falls were partly countered by rises in international air fares and petrol.
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Inflation Rate
Inflation refers to a general rise in prices measured against a standard level of purchasing power. Previously the term was used to refer to an increase in the money supply, which is now referred to as expansionary monetary policy or monetary inflation. Inflation is measured by comparing two sets of goods at two points in time, and computing the increase in cost not reflected by an increase in quality. There are, therefore, many measures of inflation depending on the specific circumstances. The most well known are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy.The prevailing view in mainstream economics is that inflation is caused by the interaction of the supply of money with output and interest rates. Mainstream economist views can be broadly divided into two camps: the "monetarists" who believe that monetary effects dominate all others in setting the rate of inflation, and the "Keynesians" who believe that the interaction of money, interest and output dominate over other effects. Other theories, such as those of the Austrian school of economics, believe that an inflation of overall prices is a result from an increase in the supply of money by central banking authorities. Related concepts include: deflation, a general falling level of prices; disinflation, the reduction of the rate of inflation; hyper-inflation, an out-of-control inflationary spiral; stagflation, a combination of inflation and poor economic growth; and reflation, which is an attempt to raise prices to counteract deflationary pressures.
NEW ZEALAND NEWS
New Zealand Trade Surplus Widens in April
Published: 5/24/2012 3:25:32 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand trade balance for April 2012 was a surplus of $355 million (9.1 percent of exports). For the year ended April 2012, there was an annual trade deficit of $541 million (1.2 percent of exports).
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New Zealand Uneployment Up to 6.7 in Q1
Published: 5/3/2012 6:15:24 PM
By: TradingEconomics.com, Statistics New Zealand
The unemployment rate rose to 6.7 percent in the March 2012 quarter, Statistics New Zealand said on May 3rd. This is up from a revised figure of 6.4 percent last quarter. The labour force grew by 18,000, with 9,000 more people employed as well as 9,000 more people unemployed in the March 2012 quarter.
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New Zealand Reports Trade Surplus in February
Published: 3/28/2012 6:06:04 PM
By: TradingEconomics.com, Statistics New Zealand
In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.
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New Zealand Economy Grows 0.3% in Q4
Published: 3/22/2012 10:54:32 AM
By: TradingEconomics.com, Statistics New Zealand
The New Zealand economy grew by 0.3 percent in the December 2011 quarter, Statistics New Zealand said on March 22nd. This latest result follows economic growth of 0.7 percent in the September 2011 quarter.
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New Zealand Leaves Rate Unchanged
Published: 3/8/2012 12:26:44 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank left on March 8th, the Official Cash Rate (OCR) unchanged at 2.5 percent.
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New Zealand Reports Trade Deficit in January
Published: 2/29/2012 1:16:56 PM
By: TradingEconomics.com, Statistics New Zealand
In January 2012, the value of exported goods rose $430 million (13 percent), to $3.7 billion. Imported goods rose $637 million (19 percent), to $3.9 billion.
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New Zealand Reports Trade Surplus in December
Published: 2/2/2012 2:29:02 PM
By: TradingEconomics.com, Statistics New Zealand
In December 2011, New Zealand reported a trade surplus equivalent to $338 million (7.8 percent of exports). This compares with an average deficit of 5.2 percent of exports over the previous five December months.
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New Zealand Inflation Down to 1.8% in Q4
Published: 1/19/2012 7:18:29 PM
By: TradingEconomics.com, Statistics New Zealand
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.
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New Zealand Exports Rises in November
Published: 1/9/2012 6:00:30 PM
By: TradingEconomics.com, Statistics New Zealand
In the November 2011 month compared with the November 2010 month, the value of exported goods increased $251 million (6.8 percent) to $3.9 billion. The trend for export values remains at record-high levels.
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New Zealand GDP Up 0.8% in Q3
Published: 12/22/2011 1:05:40 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter. The increase in the latest quarter is the fourth consecutive quarter of growth following a decline of 0.1 percent in the September 2010 quarter.
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