Annual inflation rate in New Zealand jumped to 3.3 percent year-on-year in the second quarter of 2021, from 1.5 percent in the previous three-month period and above market expectations of 2.8 percent. This was the biggest increase in consumer prices in nearly 10 years, reflecting a low base year due to the COVID-19 crisis and the ongoing economic recovery. Main upward pressure came from purchase of new housing (7.4 percent), petrol cost (16.1 percent), and rent prices (2.9 percent). On a quarterly basis, consumer prices rose by 1.3 percent, also the largest gain in over a decade. source: Statistics New Zealand
Inflation Rate in New Zealand averaged 4.60 percent from 1918 until 2021, 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. This page provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Inflation Rate in New Zealand is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Inflation Rate is projected to trend around 2.20 percent in 2022 and 1.20 percent in 2023, according to our econometric models.