The inflation rate in New Zealand decreased to 7.20 percent YoY in the third quarter of 2022 from 7.30 percent in the second quarter of 2022, as housing and household utilities showed significant increases with rising prices for construction (+17%), rentals for housing (4.6%), and local authority rates (7.3%). The next largest contributor was the transport group, due to higher prices for petrol (+19%) and diesel (+72%). Quarter on quarter, the consumer price index rose 2.2% in the September quarter, with increases in vegetable prices (+24%) being the largest contributor. source: Statistics New Zealand
Inflation Rate in New Zealand averaged 4.62 percent from 1918 until 2022, 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. 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 November of 2022.
Inflation Rate in New Zealand is expected to be 6.50 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 3.50 percent in 2023 and 3.30 percent in 2024, according to our econometric models.