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

The inflation rate in New Zealand was recorded at 1 percent in the third quarter of 2014. Inflation Rate in New Zealand averaged 4.83 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
1.00 1.60 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 Friday, October 31, 2014.


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.

Year-on-year, the main individual downward contributions came from prices for audio-visual and computing equipment (down 9.8 percent) and alcoholic beverages (down 2.0 percent). Petrol cost fell 1.8 percent and consumers paid 6.1 percent less for vegetables.

In contrast, about four-fifths of the annual increase came from housing and household utilities (up 3.4 percent). Rentals for housing (up 2.2 percent) and purchase of newly built houses excluding land (up 4.8 percent) increased. Prices for electricity (up 3.7 percent), property maintenance (up 3.7 percent), and local authority rates (up 4.1 percent) also increased.

Alcoholic beverages and tobacco prices increased 2.7 percent. Cigarettes and tobacco increased 11.6 percent, influenced by a rise in excise duty in January this year.

On a quarter-on-quarter basis, consumer prices rose 0.3 percent, the same rate recorded in the previous quarter. Housing and household utilities prices (up 1.0 percent) contributed about three-quarters of the rise, reflecting higher local authority rates (up 3.8 percent), rentals for housing (up 0.6 percent), and purchase of newly built houses excluding land (up 1.1 percent).

Statistics New Zealand | Ricardo Martins | ricardo.martins@tradingeconomics.com
10/22/2014 11:25:05 PM


Recent Releases

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 10:45 PM New Zealand
Inflation Rate YoY
Q3 2014 1% 1.6% 1.3% 1.6%


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.60 44.00 -15.30 Percent [+]
Inflation Rate Mom 0.30 0.30 8.91 -0.81 Percent [+]
Consumer Price Index CPI 1199.00 1195.00 1199.00 34.30 Index Points [+]
Core Inflation Rate 1.09 1.69 7.91 0.68 Percent [+]
Core Consumer Prices 1201.00 1197.00 1201.00 629.50 Index Points [+]
GDP Deflator 1472.00 1489.00 1489.00 791.00 Index Points [+]
Producer Prices 1066.00 1077.00 1077.00 165.78 Index Points [+]
Export Prices 1167.00 1191.00 1269.00 85.30 Index Points [+]
Import Prices 823.00 842.00 1128.00 70.43 Index Points [+]
Food Inflation -0.08 0.70 10.81 -1.99 Percent [+]