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

Consumer prices in New Zealand increased 0.4 percent year-on-year in the third quarter of 2016, compared to 0.2 percent growth that had been originally reported, due to manual processing error. The error affected prices for vehicle relicensing fees, within the transport group. There was a flow-on effect on the non-tradable index. The index for non-tradables less government charges was unaffected. Inflation Rate in New Zealand averaged 4.74 percent from 1918 until 2016, reaching an all time high of 44.00 percent in the third quarter of 1918 and a record low of -15.30 percent in the first quarter of 1923.

New Zealand Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-17 10:45 PM Q1 0.4% 0.1% 0.4% 0.3%
2016-07-17 10:45 PM Q2 0.4% 0.4% 0.5% 0.3%
2016-10-17 09:45 PM Q3 0.2% 0.4% 0.1% 0.3%
2017-01-19 09:45 PM Q4
2017-04-17 10:45 PM Q1
2017-07-17 10:45 PM Q2




New Zealand Inflation Rate Eases to 0.2% in Q3


Consumer prices in New Zealand increased 0.2 percent year-on-year in the third quarter of 2016, easing from a 0.4 percent rise in each of the previous two quarters and above market estimates of 0.1 percent. Housing-related prices made the biggest upward contribution, partially offset by a fall in transport cost.

Housing-related prices were the main upward contributor, influenced by purchase of newly built houses, excluding land (up 6.3 percent); with Auckland up 7.9 percent; rentals for housing (up 2.1 percent); with Auckland up 3.4 percent; local authority rates (up 3.4 percent) and property maintenance services like painting and plumbing (up 3.1 percent).
 
In contrast, cost declined for petrol (-11 percent); other private transport services (-28 percent); international air transport (down 11 percent); package holidays (-13 percent).
 
On a quarterly basis, consumer prices also rose 0.2 percent, easing from a 0.4 percent increase in the previous period. 

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
10/17/2016 9:58:35 PM



New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.40 44.00 -15.30 percent [+]
Inflation Rate Mom 0.30 0.40 8.91 -0.81 percent [+]
Consumer Price Index CPI 1207.00 1205.00 1207.00 34.30 Index Points [+]
Core Consumer Prices 1209.00 1207.00 1209.00 629.50 Index Points [+]
Core Inflation Rate 0.50 0.42 7.91 0.00 percent [+]
GDP Deflator 1130.00 1120.00 1130.00 588.00 Index Points [+]
Producer Prices 1049.00 1034.00 1077.00 165.78 Index Points [+]
Export Prices 993.00 1021.00 1269.00 85.30 Index Points [+]
Import Prices 780.00 788.00 1128.00 70.43 Index Points [+]
Food Inflation 0.10 0.50 10.81 -1.99 percent [+]
Cpi Transportation 1026.00 1058.00 1178.00 796.00 Index Points [+]



New Zealand Inflation Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 44.00 -15.30 1918 - 2016 percent Quarterly



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Romania -0.40 Oct/16
Russia 5.80 Nov/16
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Saudi Arabia 2.60 Oct/16
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Serbia 1.50 Oct/16
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