Consumer prices in New Zealand increased 1.9 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous quarter and slightly above market expectations of 1.8 percent. Inflation stood at its highest level in five quarters. Prices remained elevated for housing & utilities (3.1 percent, the same pace as in Q3) and inflation went up for the food group (0.6 percent vs 0.2 percent); health (1.6 percent vs 0.8 percent) and recreation & culture (2.1 percent vs 0.4 percent). Meanwhile, cost eased for transport (3.5 percent vs 5.6 percent). On a quarterly basis, prices edged up 0.1 percent, after a 0.9 percent gain in Q3 while markets had expected no change. Inflation Rate in New Zealand averaged 4.67 percent from 1918 until 2018, 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 expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in New Zealand to stand at 1.80 in 12 months time. In the long-term, the New Zealand Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

New Zealand Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-04-18 10:45 PM Inflation Rate YoY 1.1% 1.6% 1.1% 1.2%
2018-07-16 10:45 PM Inflation Rate YoY 1.5% 1.1% 1.6% 1.6%
2018-10-15 09:45 PM Inflation Rate YoY 1.9% 1.5% 1.7% 1.7%
2019-01-22 09:45 PM Inflation Rate YoY 1.9% 1.9% 1.8% 1.8%
2019-04-16 10:45 PM Inflation Rate YoY 1.9% 1.6%
2019-07-16 10:45 PM Inflation Rate YoY 1.7%
2019-10-15 09:45 PM Inflation Rate YoY 1.9%



New Zealand Inflation Unchanged at 1.9% YoY in Q4

Consumer prices in New Zealand increased 1.9 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous quarter and slightly above market expectations of 1.8 percent.

Inflation stood at its highest level in five quarters. Prices remained elevated for housing & utilities (3.1 percent, the same pace as in Q3), with rentals for housing up 2.4 percent, construction up 3.6 percent, and local authority rates up 5.1 percent. Also, inflation went up for the food group (0.6 percent vs 0.2 percent), despite a 6.2 percent decline in fruit & vegetable prices; and health (1.6 percent vs 0.8 percent). In addition, cost was higher for recreation & culture (2.1 percent vs 0.4 percent), driven by the release of popular, new, and more expensive electronic video games. 

On the other hand, cost advanced less for transport (3.5 percent vs 5.6 percent), amid weaker pressure from petrol prices (11.1 percent vs 18.6 percent) while that for passenger transport services declined 1.7 percent, mainly aided by lower international air transport prices. Inflation for liquor & tobacco also dropped to 3.8 percent from 4.7 percent in the third quarter. 

On a quarterly basis, prices edged up 0.1 percent, after a 0.9 percent rise in Q3 and compared to expectations of unchanged prices.


Statistics New Zealand | Mario | mario@tradingeconomics.com
1/23/2019 11:55:17 AM



New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.90 44.00 -15.30 percent [+]
Inflation Rate Mom 0.10 0.90 8.90 -4.10 percent [+]
Consumer Price Index CPI 1025.00 1024.00 1025.00 16.50 Index Points [+]
Core Consumer Prices 1025.00 1024.00 1025.00 512.60 Index Points [+]
Core Inflation Rate 1.90 1.90 7.91 0.00 percent [+]
GDP Deflator 1190.00 1185.00 1192.00 589.00 Index Points [+]
Producer Prices 1158.00 1140.00 1158.00 165.78 Index Points [+]
Export Prices 1210.00 1183.00 1269.00 85.30 Index Points [+]
Import Prices 838.00 817.00 1128.00 70.43 Index Points [+]
Inflation Expectations 2.02 2.03 8.30 1.60 percent [+]
Cpi Housing Utilities 1047.00 1042.00 1047.00 536.80 Index Points [+]
CPI Transportation 1056.00 1044.00 1099.90 743.20 Index Points [+]
Food Inflation 0.80 1.00 25.20 -2.00 percent [+]


New Zealand Inflation Rate

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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.90 44.00 -15.30 1918 - 2018 percent Quarterly




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.20 Jan/19
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia -1.90 Jan/19
Singapore 0.50 Dec/18
South Africa 4.00 Jan/19
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


Related

Latest