New Zealand Inflation Rate

The inflation rate in New Zealand was recorded at 1.50 percent in the first quarter of 2014. Inflation Rate in New Zealand is reported by the Statistics New Zealand. Inflation Rate in New Zealand averaged 4.85 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. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 1.60 44.00 -15.30 1.81 | 2014/06 1918 - 2014 Percent Quarterly

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New Zealand Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-15 11:45 PM New Zealand
Inflation Rate YoY
Q2 2013 0.7% 0.9% 0.8% 0.94%
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%
2014-07-10 11:45 PM New Zealand
Inflation Rate YoY
Q2 2014 1.5% 1.81%
2014-10-22 11:45 PM New Zealand
Inflation Rate YoY
Q3 2014 1.97%
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Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (CPI) 1192.00 2014-02-15 1188.00 1192.00 34.30 1199.57 2014-06-30 Index Points [+]
Core Consumer Prices 1193.00 2014-02-15 1189.00 1193.00 629.50 1199.89 2014-06-30 Index Points [+]
Export Prices 1179.00 2013-11-15 1185.00 1269.00 85.30 1252.79 2014-06-30 Index Points [+]
GDP Deflator 1484.00 2013-11-15 1450.00 1484.00 791.00 1511.94 2014-06-30 Index Points [+]
Import Prices 851.00 2013-11-15 875.00 1128.00 70.43 840.86 2014-06-30 Index Points [+]
Inflation Rate Mom 0.30 2014-02-15 0.08 8.91 -0.81 0.44 2014-06-30 Percent [+]
Producer Prices 1066.00 2013-11-15 1074.00 1074.00 165.78 1086.69 2014-06-30 Index Points [+]
Inflation Rate 1.50 2014-03-31 1.60 44.00 -15.30 1.81 2014-06-30 Percent [+]
Core Inflation Rate 1.45 2014-02-15 1.54 7.91 0.68 1.65 2014-06-30 Percent [+]
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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.

The price of buying a newly built house without land increased 5.1 percent for the year. In Auckland the increase was 5.9 percent and in Canterbury it was 7.6 percent.
 
There were also increases for housing rentals (up 2.0 percent), property maintenance (up 4.5 percent), property rates and related services (up 4.2 percent), and household energy (up 2.7 percent). Cigarette and tobacco prices increased 10.2 percent and insurance prices increased 5.9 percent for the year.
 
The main downward contribution for the year came from cheaper audio-visual and computing equipment (down 10 percent). There were also lower prices for vehicles (down 3.1 percent). The strong New Zealand dollar has had a downward influence on the retail prices of internationally traded goods, including cars and appliances.

Compared with the previous quarter, the inflation rate accelerated to 0.3 percent. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
4/15/2014 11:55:02 PM

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Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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