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

The inflation rate in New Zealand was recorded at 0.30 percent in the second quarter of 2015. Inflation Rate in New Zealand averaged 4.80 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.

New Zealand Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 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 Wednesday, August 5, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.3% 0.1% 0.4% 0.5%
2015-10-22 10:45 PM Q3 0.3% 0.8%


New Zealand Inflation Rate Rises to 0.3% in Q2


Consumer prices in New Zealand increased 0.3 percent year-on-year in the second quarter of 2015, up from 0.1 percent in the previous period mostly due to rise in housing-related cost and cigarettes and tobacco.

Non-tradable goods and services increased 2.0 percent, the lowest annual increase since the December 2001 quarter. The main contributor to the rise was cigarettes and tobacco (up 14 percent), influenced by the increase in excise duty in January 2015. Housing and household utility prices were up 2.5 percent in the year, with higher prices for newly built houses excluding land  up 5.3 percent), housing rentals (up 2.3 percent), and electricity (up 3.9 percent). While lower prices for telecommunication services (down 4.3 percent) made the main downward contribution.

The prices of tradable goods and services (which face foreign competition) decreased 2.0 percent in the year. The main downward pressue came from: petrol (down 7.4 percent), audio-visual and computing equipment (down 12 percent), vehicles (down 3.8 percent), and international air fares (down 6.3 percent). Higher prices were reported for: confectionery, nuts, and snacks, books, and fruit.

Excluding cigarettes and tobacco, the CPI decreased 0.1 percent; excluding petrol, the CPI increased 0.7 percent over the year.

On a quarterly basis, the consumers price index rose 0.4 percent in the June 2015 quarter, following a 0.3 percent fall in the March 2015 quarter. It was the highest value since the third quarter of 2013. The increase was caused by an 8.8 percent rise in petrol prices, influenced by higher international crude oil prices and a weaker New Zealand dollar. Without petrol, the CPI rose 0.3 percent.

Statistics New Zealand | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/16/2015 12:43:18 AM


Recent Releases

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.
Published on 2015-04-20

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.10 44.00 -15.30 percent [+]
Inflation Rate Mom 0.40 -0.30 8.91 -0.81 percent [+]
Consumer Price Index CPI 1198.00 1193.00 1199.00 34.30 Index Points [+]
Core Inflation Rate 0.25 0.17 7.91 0.17 percent [+]
Core Consumer Prices 1200.00 1195.00 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 -0.10 0.80 10.81 -1.99 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 8.89 Jun/15 8.47 6821.31 1.65 percent [+]
Canada 1.00 Jun/15 0.90 21.60 -17.80 percent [+]
China 1.40 Jun/15 1.20 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.30 Jun/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Jul/15 0.30 11.54 -7.62 percent [+]
India 5.40 Jun/15 5.01 11.16 4.38 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.40 Jun/15 0.50 25.00 -2.52 percent [+]
Mexico 2.87 Jun/15 2.88 179.73 2.87 percent [+]
Netherlands 1.00 Jun/15 1.10 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain 0.00 Jul/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.00 Jun/15 -1.20 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.00 Jun/15 0.10 8.50 -0.10 percent [+]
United States 0.10 Jun/15 0.00 23.70 -15.80 percent [+]