New Zealand Inflation Rate 1918-2015 | Data | Chart | Calendar | Forecast

The inflation rate in New Zealand was recorded at 0.10 percent in the first quarter of 2015. Inflation Rate in New Zealand averaged 4.81 percent from 1918 until 2015, 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.

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New Zealand Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.80 44.00 -15.30 1918 - 2015 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 Tuesday, July 7, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-10-22 10:45 PM Q3 1% 1.6% 1.3% 1.6%
2015-01-20 09:45 PM Q4 0.8% 1% 0.9% 0.88%
2015-04-19 11:45 PM Q1 0.1% 0.8% 0.2% 0.3%
2015-07-15 11:45 PM Q2 0.1% 0.5%
2015-10-22 10:45 PM Q3 0.8%


New Zealand Inflation Rate at 15-Year Low


Consumer prices in New Zealand increased 0.1 percent year-on-year in the first quarter of 2015, down from 0.8 percent in the previous period due to lower petrol cost. It is the smallest rate since the September 1999 quarter, when prices decreased 0.5 percent.

The prices of tradable goods and services (which face foreign competition) decreased 2.8 percent in the year, with lower prices for petrol (down 15 percent) and for audio-visual and computing equipment (down 13 percent). Tradable prices are now at their lowest level since the June 2009 quarter, despite petrol prices now being 12 percent higher than they were in that quarter.

Non-tradable goods and services increased 2.3 percent, the lowest annual increase since the September 2012 quarter. The main contributor was cigarettes and tobacco prices (up 14 percent), influenced by the increase in excise duty in January 2015. Housing and household utility prices were up 3.0 percent in the year, with higher prices for newly built houses excluding land (up 5.0 percent), housing rentals (up 2.3 percent), and electricity (up 3.6 percent).

Excluding cigarettes and tobacco, the annual CPI decreased 0.2 percent; excluding petrol, the CPI increased 1.0 percent over the year.

On a quarterly basis, the consumers price index fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters.

The fall was caused by an 11 percent fall in petrol prices. Without petrol, the CPI rose 0.3 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
4/20/2015 11:21:39 AM


Recent Releases

New Zealand Annual Inflation Rate Declines to 0.8%
The CPI increased 0.8 percent in the year to the December 2014 quarter, compared to 1 percent rise in the previous three month period. This is the smallest annual rise since the June 2013 quarter.
Published on 2015-01-20

New Zealand Inflation Rate Decreases to 1% in Q3
The CPI increased 1.0 percent year-on-year in the third quarter of 2014, after rising 1.6 percent in the previous period. It is the lowest rate in five quarters due to a fall in transport and food prices.
Published on 2014-10-22

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.
Published on 2014-07-16

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 0.10 0.80 44.00 -15.30 percent [+]
Inflation Rate Mom -0.30 -0.20 8.91 -0.81 percent [+]
Consumer Price Index CPI 1193.00 1197.00 1199.00 34.30 Index Points [+]
Core Inflation Rate 0.17 0.84 7.91 0.17 percent [+]
Core Consumer Prices 1195.00 1199.00 1201.00 629.50 Index Points [+]
GDP Deflator 1106.00 1100.00 1118.00 591.00 Index Points [+]
Producer Prices 1034.00 1046.00 1077.00 165.78 Index Points [+]
Export Prices 1051.00 1091.00 1269.00 85.30 Index Points [+]
Import Prices 785.00 827.00 1128.00 70.43 Index Points [+]
Food Inflation 0.80 1.00 10.81 -1.99 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.30 Jun/15 15.80 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.00 Jun/15 -1.20 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]