New Zealand Inflation Rate  1918-2016 | Data | Chart | Calendar | Forecast

Consumer prices in New Zealand increased 0.4 percent year-on-year in the first three months of 2016, accelerating from a 0.1 percent rise in the previous quarter. Figures came in line with forecasts, due to higher housing cost. Inflation Rate in New Zealand averaged 4.76 percent from 1918 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 44.00 -15.30 1918 - 2016 percent Quarterly
In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18.8 percent; Transport for 15 percent; Recreation and Culture for 9.4 percent; Miscellaneous Goods and Services for 7.4 percent and Alcoholic beverages and Tobacco for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Health; Communication and Education account for the remaining 18.2 percent of total weight. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-15 10:45 PM Q3 0.4% 0.4% 0.3% 0.5%
2016-01-19 09:45 PM Q4 0.1% 0.4% 0.4% 0.44%
2016-04-17 10:45 PM Q1 0.4% 0.1% 0.4% 0.3%
2016-07-17 10:45 PM Q2 0.4% 0.39%
2016-10-17 09:45 PM Q3 0.43%

New Zealand Inflation Rate Matches Expectations


Consumer prices in New Zealand increased 0.4 percent year-on-year in the first three months of 2016, accelerating from a 0.1 percent rise in the previous quarter. Figures came in line with forecasts, due to higher housing cost.

Housing-related prices continue to be the main upward contributor, up 3.0 percent in the year, led by higher prices for rent (up 2.3 percent) and newly built houses excluding land (up 5.0 percent). Transport prices made the largest downward contribution for the year, due to petrol prices (down 5.1 percent). Excluding petrol, the CPI rose 0.7 percent.
 
On a quarterly basis, consumer prices went up 0.2 percent, recovering from a 0.5 percent decline in the previous period. Cigarette and tobacco prices showed the highest upward contribution, up 9.4 percent in the March 2016 quarter following a rise in excise duty in January. Excluding cigarettes and tobacco, the CPI showed a 0.1 percent fall. Petrol prices (down 7.7 percent) made the largest downward contribution for the quarter. The average price of one litre of 91 octane petrol fell to $1.69 in the March 2016 quarter, compared with $1.84 in the previous quarter. Low oil prices, along with competition in the market, also contributed to lower airfares. International airfares were down 12 percent and domestic airfares fell 4.8 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2016 11:53:34 PM

New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.10 44.00 -15.30 percent [+]
Inflation Rate Mom 0.20 -0.50 8.91 -0.81 percent [+]
Consumer Price Index CPI 1200.00 1198.00 1204.00 34.30 Index Points [+]
Core Consumer Prices 1201.00 1199.00 1205.00 629.50 Index Points [+]
Core Inflation Rate 0.42 0.00 7.91 0.00 percent [+]
GDP Deflator 1119.00 1102.00 1123.00 588.00 Index Points [+]
Producer Prices 1025.00 1048.00 1077.00 165.78 Index Points [+]
Export Prices 1044.00 1044.00 1269.00 85.30 Index Points [+]
Import Prices 783.00 817.00 1128.00 70.43 Index Points [+]
Food Inflation -0.30 0.50 10.81 -1.99 percent [+]
Cpi Transportation 1048.00 1087.00 1178.00 796.00 Index Points [+]




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Afghanistan 5.00 May/16
Albania 0.70 May/16
Algeria 6.08 May/16
Angola 29.23 May/16
Argentina 40.50 Apr/16
Armenia -2.10 May/16
Aruba -1.60 Apr/16
Australia 1.30 Mar/16
Austria 0.60 May/16
Azerbaijan 10.50 Apr/16
Bahamas 2.00 Dec/15
Bahrain 3.70 May/16
Bangladesh 5.45 May/16
Barbados -1.40 Feb/16
Belarus 12.40 May/16
Belgium 2.20 May/16
Belize 0.10 Apr/16
Benin -0.10 May/16
Bhutan 3.03 Mar/16
Bolivia 5.02 May/16
Bosnia and Herzegovina -1.60 May/16
Botswana 2.80 May/16
Brazil 9.32 May/16
Brunei -0.30 May/16
Bulgaria -2.00 May/16
Burkina Faso 2.00 May/16
Burundi 2.70 May/16
Cambodia 2.03 Mar/16
Cameroon 1.47 Dec/15
Canada 1.50 May/16
Cape Verde -1.00 May/16
Cayman Islands -2.80 Mar/16
Central African Republic 25.58 Jun/14
Chad 0.60 Apr/16
Chile 4.20 May/16
China 2.00 May/16
Colombia 8.20 May/16
Comoros 1.40 Dec/14
Congo 2.16 Apr/16
Costa Rica 0.43 May/16
Croatia -1.80 May/16
Cuba 4.40 Dec/15
Cyprus -2.13 May/16
Czech Republic 0.10 May/16
Denmark 0.10 May/16
Djibouti 2.60 Mar/15
Dominican Republic 1.71 May/16
East Timor -1.70 May/16
Ecuador 1.63 May/16
Egypt 12.30 May/16
El Salvador 0.73 May/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.90 May/16
Ethiopia 7.90 May/16
Euro Area -0.10 May/16
European Union -0.10 May/16
Fiji 5.20 May/16
Finland 0.30 May/16
France 0.00 May/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 2.10 May/16
Germany 0.10 May/16
Ghana 18.90 May/16
Greece -0.90 May/16
Guatemala 4.27 May/16
Guinea 7.70 Mar/16
Guinea Bissau 2.20 Apr/16
Guyana 0.30 Mar/16
Haiti 15.10 May/16
Honduras 2.36 May/16
Hong Kong 2.60 May/16
Hungary -0.20 May/16
Iceland 1.70 May/16
India 5.76 May/16
Indonesia 3.33 May/16
Iran 7.40 Apr/16
Iraq 2.50 May/16
Ireland 0.00 May/16
Israel -0.80 May/16
Italy -0.30 May/16
Ivory Coast 2.30 May/16
Jamaica 2.10 May/16
Japan -0.30 Apr/16
Jordan -1.60 May/16
Kazakhstan 16.70 May/16
Kenya 5.00 May/16
Kosovo -0.10 May/16
Kuwait 2.80 May/16
Kyrgyzstan 0.30 May/16
Laos 0.96 Apr/16
Latvia -0.80 May/16
Lebanon -2.45 May/16
Lesotho 7.80 Apr/16
Liberia 7.10 Mar/16
Libya 10.10 Nov/15
Liechtenstein -0.40 May/16
Lithuania 0.50 May/16
Luxembourg -0.03 May/16
Macau 2.64 May/16
Macedonia -0.70 May/16
Madagascar 6.20 Apr/16
Malawi 21.50 May/16
Malaysia 2.00 May/16
Maldives 0.60 Apr/16
Mali -0.60 May/16
Malta 1.00 May/16
Mauritania 0.90 Apr/16
Mauritius 0.80 May/16
Mexico 2.60 May/16
Moldova 7.90 May/16
Mongolia 1.80 May/16
Montenegro -1.00 May/16
Morocco 1.90 May/16
Mozambique 18.27 May/16
Myanmar 14.59 Nov/15
Namibia 6.70 May/16
Nepal 10.00 May/16
Netherlands 0.00 May/16
New Caledonia 0.80 May/16
New Zealand 0.40 Mar/16
Nicaragua 3.70 May/16
Niger 2.10 May/16
Nigeria 15.60 May/16
North Korea 55.00 Jul/13
Norway 3.40 May/16
Oman 1.14 May/16
Pakistan 3.17 May/16
Palestine -0.31 May/16
Panama 0.30 May/16
Papua New Guinea 6.40 Dec/15
Paraguay 3.50 May/16
Peru 3.54 May/16
Philippines 1.60 May/16
Poland -0.90 May/16
Portugal 0.30 May/16
Puerto Rico -0.20 Apr/16
Qatar 2.60 May/16
Republic of the Congo 3.70 Apr/15
Romania -3.50 May/16
Russia 7.30 May/16
Rwanda 4.40 May/16
Sao Tome and Principe 6.00 Apr/16
Saudi Arabia 4.10 May/16
Senegal 1.30 Apr/16
Serbia 0.70 May/16
Seychelles -1.20 May/16
Sierra Leone 8.85 Dec/15
Singapore -1.60 May/16
Slovakia -0.80 May/16
Slovenia -0.40 May/16
Somalia -4.00 Dec/14
South Africa 6.10 May/16
South Korea 0.80 May/16
South Sudan 295.00 May/16
Spain -1.00 May/16
Sri Lanka 4.80 May/16
Sudan 13.98 May/16
Suriname 46.10 Apr/16
Swaziland 8.50 Apr/16
Sweden 0.60 May/16
Switzerland -0.40 May/16
Syria 44.70 Nov/15
Taiwan 1.24 May/16
Tajikistan 5.20 May/16
Tanzania 5.20 May/16
Thailand 0.46 May/16
Togo 2.40 May/16
Trinidad and Tobago 3.50 Apr/16
Tunisia 3.60 May/16
Turkey 6.58 May/16
Turkmenistan 7.00 Dec/15
Uganda 5.40 May/16
Ukraine 7.50 May/16
United Arab Emirates 1.60 May/16
United Kingdom 0.30 May/16
United States 1.00 May/16
Uruguay 11.00 May/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.40 Jun/16
Yemen 9.49 Nov/14
Zambia 21.30 May/16
Zimbabwe -1.69 May/16