New Zealand Inflation Rate
New Zealand's inflation rate reached 3% in Q3 2025, up from 2.7% in Q2 2025. This marks the highest rate since Q2 2024. The increase was driven by higher prices for housing and household utilities. Electricity prices rose by 11.3%, local authority rates by 8.8% and rents by 2.6%. Vegetables also increased in price by 12.2%. New Zealand's record low inflation rate was -9.2% in Q4 1932 and record high was 18.9% in Q2 1987.
Quarterly Historical Data (1924-2025)
(in %)| Quarter | Inflation Rate |
|---|---|
| Q3 2025 | 3% |
| Q2 2025 | 2.7% |
| Q1 2025 | 2.5% |
| Q4 2024 | 2.2% |
| Q3 2024 | 2.2% |
| Q2 2024 | 3.3% |
| Q1 2024 | 4% |
| Q4 2023 | 4.7% |
| Q3 2023 | 5.6% |
| Q2 2023 | 6% |
| Q1 2023 | 6.7% |
| Q4 2022 | 7.2% |
| Q3 2022 | 7.2% |
| Q2 2022 | 7.3% |
| Q1 2022 | 6.9% |
| Q4 2021 | 5.9% |
| Q3 2021 | 4.9% |
| Q2 2021 | 3.3% |
| Q1 2021 | 1.5% |
| Q4 2020 | 1.4% |
| Q3 2020 | 1.4% |
| Q2 2020 | 1.5% |
| Q1 2020 | 2.5% |
| Q4 2019 | 1.9% |
| Q3 2019 | 1.5% |
| Q2 2019 | 1.7% |
| Q1 2019 | 1.5% |
| Q4 2018 | 1.9% |
| Q3 2018 | 1.9% |
| Q2 2018 | 1.5% |
| Q1 2018 | 1.1% |
| Q4 2017 | 1.6% |
| Q3 2017 | 1.9% |
| Q2 2017 | 1.7% |
| Q1 2017 | 2.2% |
| Q4 2016 | 1.3% |
| Q3 2016 | 0.4% |
| Q2 2016 | 0.4% |
| Q1 2016 | 0.4% |
| Q4 2015 | 0.1% |
| Q3 2015 | 0.4% |
| Q2 2015 | 0.4% |
| Q1 2015 | 0.3% |
| Q4 2014 | 0.8% |
| Q3 2014 | 1% |
| Q2 2014 | 1.6% |
| Q1 2014 | 1.5% |
| Q4 2013 | 1.6% |
| Q3 2013 | 1.4% |
| Q2 2013 | 0.7% |
| Q1 2013 | 0.9% |
| Q4 2012 | 0.9% |
| Q3 2012 | 0.8% |
| Q2 2012 | 1% |
| Q1 2012 | 1.6% |
| Q4 2011 | 1.8% |
| Q3 2011 | 4.6% |
| Q2 2011 | 5.3% |
| Q1 2011 | 4.5% |
| Q4 2010 | 4% |
| Q3 2010 | 1.5% |
| Q2 2010 | 1.7% |
| Q1 2010 | 2% |
| Q4 2009 | 2% |
| Q3 2009 | 1.7% |
| Q2 2009 | 1.9% |
| Q1 2009 | 3% |
| Q4 2008 | 3.4% |
| Q3 2008 | 5.1% |
| Q2 2008 | 4% |
| Q1 2008 | 3.4% |
| Q4 2007 | 3.2% |
| Q3 2007 | 1.8% |
| Q2 2007 | 2% |
| Q1 2007 | 2.5% |
| Q4 2006 | 2.6% |
| Q3 2006 | 3.5% |
| Q2 2006 | 4% |
| Q1 2006 | 3.3% |
| Q4 2005 | 3.2% |
| Q3 2005 | 3.4% |
| Q2 2005 | 2.8% |
| Q1 2005 | 2.8% |
| Q4 2004 | 2.7% |
| Q3 2004 | 2.5% |
| Q2 2004 | 2.4% |
| Q1 2004 | 1.5% |
| Q4 2003 | 1.6% |
| Q3 2003 | 1.5% |
| Q2 2003 | 1.5% |
| Q1 2003 | 2.5% |
| Q4 2002 | 2.7% |
| Q3 2002 | 2.6% |
| Q2 2002 | 2.8% |
| Q1 2002 | 2.6% |
| Q4 2001 | 1.8% |
| Q3 2001 | 2.4% |
| Q2 2001 | 3.2% |
| Q1 2001 | 3.1% |
| Q4 2000 | 4% |
| Q3 2000 | 3% |
| Q2 2000 | 2% |
| Q1 2000 | 1.5% |
| Q4 1999 | 0.5% |
| Q3 1999 | -0.5% |
| Q2 1999 | -0.4% |
| Q1 1999 | -0.1% |
| Q4 1998 | 0.4% |
| Q3 1998 | 1.7% |
| Q2 1998 | 1.7% |
| Q1 1998 | 1.3% |
| Q4 1997 | 0.8% |
| Q3 1997 | 1% |
| Q2 1997 | 1.1% |
| Q1 1997 | 1.8% |
| Q4 1996 | 2.6% |
| Q3 1996 | 2.4% |
| Q2 1996 | 2% |
| Q1 1996 | 2.2% |
| Q4 1995 | 2.9% |
| Q3 1995 | 3.5% |
| Q2 1995 | 4.6% |
| Q1 1995 | 4% |
| Q4 1994 | 2.8% |
| Q3 1994 | 1.8% |
| Q2 1994 | 1.1% |
| Q1 1994 | 1.3% |
| Q4 1993 | 1.4% |
| Q3 1993 | 1.5% |
| Q2 1993 | 1.3% |
| Q1 1993 | 1% |
| Q4 1992 | 1.3% |
| Q3 1992 | 1% |
| Q2 1992 | 1% |
| Q1 1992 | 0.8% |
| Q4 1991 | 1% |
| Q3 1991 | 2.2% |
| Q2 1991 | 2.8% |
| Q1 1991 | 4.5% |
| Q4 1990 | 4.9% |
| Q3 1990 | 5% |
| Q2 1990 | 7.6% |
| Q1 1990 | 7% |
| Q4 1989 | 7.2% |
| Q3 1989 | 7.2% |
| Q2 1989 | 4.4% |
| Q1 1989 | 4% |
| Q4 1988 | 4.7% |
| Q3 1988 | 5.6% |
| Q2 1988 | 6.3% |
| Q1 1988 | 9% |
| Q4 1987 | 9.6% |
| Q3 1987 | 16.9% |
| Q2 1987 | 18.9% |
| Q1 1987 | 18.3% |
| Q4 1986 | 18.2% |
| Q3 1986 | 11% |
| Q2 1986 | 10.4% |
| Q1 1986 | 13% |
| Q4 1985 | 15.3% |
| Q3 1985 | 16.3% |
| Q2 1985 | 16.6% |
| Q1 1985 | 13.4% |
| Q4 1984 | 9.4% |
| Q3 1984 | 7% |
| Q2 1984 | 4.7% |
| Q1 1984 | 3.5% |
| Q4 1983 | 3.6% |
| Q3 1983 | 5.4% |
| Q2 1983 | 8.3% |
| Q1 1983 | 12.6% |
| Q4 1982 | 15.3% |
| Q3 1982 | 16.6% |
| Q2 1982 | 17% |
| Q1 1982 | 15.8% |
| Q4 1981 | 15.7% |
| Q3 1981 | 15.4% |
| Q2 1981 | 15.1% |
| Q1 1981 | 15.2% |
| Q4 1980 | 16.1% |
| Q3 1980 | 16.3% |
| Q2 1980 | 17.9% |
| Q1 1980 | 18.4% |
| Q4 1979 | 16.5% |
| Q3 1979 | 15.2% |
| Q2 1979 | 12.4% |
| Q1 1979 | 10.4% |
| Q4 1978 | 10.1% |
| Q3 1978 | 11.1% |
| Q2 1978 | 12.3% |
| Q1 1978 | 14.6% |
| Q4 1977 | 15.3% |
| Q3 1977 | 14.4% |
| Q2 1977 | 14% |
| Q1 1977 | 13.7% |
| Q4 1976 | 15.6% |
| Q3 1976 | 17.2% |
| Q2 1976 | 17.7% |
| Q1 1976 | 17.2% |
| Q4 1975 | 15.7% |
| Q3 1975 | 14.8% |
| Q2 1975 | 14.9% |
| Q1 1975 | 13.2% |
| Q4 1974 | 12.6% |
| Q3 1974 | 11.5% |
| Q2 1974 | 10% |
| Q1 1974 | 10.3% |
| Q4 1973 | 10.2% |
| Q3 1973 | 8.9% |
| Q2 1973 | 7.6% |
| Q1 1973 | 6% |
| Q4 1972 | 5.5% |
| Q3 1972 | 6.5% |
| Q2 1972 | 7.4% |
| Q1 1972 | 8.5% |
| Q4 1971 | 9.1% |
| Q3 1971 | 11.1% |
| Q2 1971 | 11% |
| Q1 1971 | 10.3% |
| Q4 1970 | 10% |
| Q3 1970 | 6.1% |
| Q2 1970 | 5.2% |
| Q1 1970 | 4.8% |
| Q4 1969 | 4% |
| Q3 1969 | 5.1% |
| Q2 1969 | 5.2% |
| Q1 1969 | 5.5% |
| Q4 1968 | 5.1% |
| Q3 1968 | 3.6% |
| Q2 1968 | 3.6% |
| Q1 1968 | 5% |
| Q4 1967 | 6.6% |
| Q3 1967 | 7% |
| Q2 1967 | 6.4% |
| Q1 1967 | 4.2% |
| Q4 1966 | 2.4% |
| Q3 1966 | 2.6% |
| Q2 1966 | 3.3% |
| Q1 1966 | 2.8% |
| Q4 1965 | 2.4% |
| Q3 1965 | 3.4% |
| Q2 1965 | 3.6% |
| Q1 1965 | 4.3% |
| Q4 1964 | 4.5% |
| Q3 1964 | 3.8% |
| Q2 1964 | 3% |
| Q1 1964 | 2.5% |
| Q4 1963 | 2.2% |
| Q3 1963 | 1.9% |
| Q2 1963 | 1.9% |
| Q1 1963 | 1.8% |
| Q4 1962 | 2.1% |
| Q3 1962 | 2.5% |
| Q2 1962 | 3.3% |
| Q1 1962 | 2.9% |
| Q4 1961 | 2.1% |
| Q3 1961 | 2.1% |
| Q2 1961 | 1.4% |
| Q1 1961 | 1.6% |
| Q4 1960 | 1.6% |
| Q3 1960 | 0.3% |
| Q2 1960 | 0.4% |
| Q1 1960 | 0.5% |
| Q4 1959 | 1.1% |
| Q3 1959 | 2.1% |
| Q2 1959 | 5.7% |
| Q1 1959 | 6.5% |
| Q4 1958 | 6.5% |
| Q3 1958 | 6.3% |
| Q2 1958 | 2.3% |
| Q1 1958 | 2.7% |
| Q4 1957 | 1.8% |
| Q3 1957 | 1.3% |
| Q2 1957 | 2.8% |
| Q1 1957 | 2.8% |
| Q4 1956 | 4.6% |
| Q3 1956 | 4.6% |
| Q2 1956 | 2.6% |
| Q1 1956 | 2.2% |
| Q4 1955 | 2.5% |
| Q3 1955 | 2.3% |
| Q2 1955 | 2.3% |
| Q1 1955 | 3% |
| Q4 1954 | 2.4% |
| Q3 1954 | 4.9% |
| Q2 1954 | 5.9% |
| Q1 1954 | 5.4% |
| Q4 1953 | 5.6% |
| Q3 1953 | 4.1% |
| Q2 1953 | 4.1% |
| Q1 1953 | 4.3% |
| Q4 1952 | 4.6% |
| Q3 1952 | 6.4% |
| Q2 1952 | 8.6% |
| Q1 1952 | 11.8% |
| Q4 1951 | 11.9% |
| Q3 1951 | 11% |
| Q2 1951 | 11.1% |
| Q1 1951 | 9.9% |
| Q4 1950 | 8.5% |
| Q3 1950 | 7.2% |
| Q2 1950 | 5% |
| Q1 1950 | 2% |
| Q4 1949 | 1.8% |
| Q3 1949 | 1.6% |
| Q2 1949 | 1.1% |
| Q1 1949 | 2.1% |
| Q4 1948 | 1.6% |
| Q3 1948 | 9.5% |
| Q2 1948 | 10.6% |
| Q1 1948 | 10.1% |
| Q4 1947 | 10.1% |
| Q3 1947 | 1.8% |
| Q2 1947 | 0.9% |
| Q1 1947 | 0.3% |
| Q4 1946 | -0.2% |
| Q3 1946 | 1.3% |
| Q2 1946 | 1% |
| Q1 1946 | 0.9% |
| Q4 1945 | 1.3% |
| Q3 1945 | 1.1% |
| Q2 1945 | 1.3% |
| Q1 1945 | 1.7% |
| Q4 1944 | 1.5% |
| Q3 1944 | 1.7% |
| Q2 1944 | 2% |
| Q1 1944 | 1.8% |
| Q4 1943 | 1.4% |
| Q3 1943 | 1.8% |
| Q2 1943 | 2.6% |
| Q1 1943 | 4% |
| Q4 1942 | 3.9% |
| Q3 1942 | 4.2% |
| Q2 1942 | 2.6% |
| Q1 1942 | 2.3% |
| Q4 1941 | 3.8% |
| Q3 1941 | 3% |
| Q2 1941 | 3.9% |
| Q1 1941 | 4.2% |
| Q4 1940 | 2.7% |
| Q3 1940 | 4.7% |
| Q2 1940 | 4.7% |
| Q1 1940 | 4.5% |
| Q4 1939 | 7.7% |
| Q3 1939 | 4.5% |
| Q2 1939 | 3.4% |
| Q1 1939 | 2.8% |
| Q4 1938 | 0.6% |
| Q3 1938 | 2.7% |
| Q2 1938 | 3.5% |
| Q1 1938 | 5% |
| Q4 1937 | 7.2% |
| Q3 1937 | 6.6% |
| Q2 1937 | 7.4% |
| Q1 1937 | 6.9% |
| Q4 1936 | 3.3% |
| Q3 1936 | 3.8% |
| Q2 1936 | 2.5% |
| Q1 1936 | 1.7% |
| Q4 1935 | 5.6% |
| Q3 1935 | 3.8% |
| Q2 1935 | 2.8% |
| Q1 1935 | 2.7% |
| Q4 1934 | 1.3% |
| Q3 1934 | 1.4% |
| Q2 1934 | 2% |
| Q1 1934 | 0.9% |
| Q4 1933 | -0.7% |
| Q3 1933 | -3% |
| Q2 1933 | -5.1% |
| Q1 1933 | -8.9% |
| Q4 1932 | -9.2% |
| Q3 1932 | -7.9% |
| Q2 1932 | -8.1% |
| Q1 1932 | -6.1% |
| Q4 1931 | -7.8% |
| Q3 1931 | -9.1% |
| Q2 1931 | -7.8% |
| Q1 1931 | -6.4% |
| Q4 1930 | -4% |
| Q3 1930 | -2.3% |
| Q2 1930 | -1% |
| Q1 1930 | -0.6% |
| Q4 1929 | -0.5% |
| Q3 1929 | 0% |
| Q2 1929 | -0.7% |
| Q1 1929 | 0.1% |
| Q4 1928 | 0.6% |
| Q3 1928 | 0.2% |
| Q2 1928 | 0.2% |
| Q1 1928 | -0.7% |
| Q4 1927 | -0.9% |
| Q3 1927 | -1.4% |
| Q2 1927 | -0.9% |
| Q1 1927 | -0.1% |
| Q4 1926 | -0.6% |
| Q3 1926 | 0.1% |
| Q2 1926 | 2.2% |
| Q1 1926 | 1.4% |
| Q4 1925 | 0.9% |
| Q3 1925 | 3% |
| Q1 1925 | 1.6% |
| Q3 1924 | 0.8% |
Recent Events
| datetime | event | actual | previous | consensus |
|---|---|---|---|---|
| 2025-10-19 05:45 PM | Inflation Rate YoY (Q3) | - | 2.7% | 3% |
Next Release Date :
New Zealand Inflation Rate : Definition
New Zealand's inflation rate measures the year-over-year percentage change in the Consumer Price Index (CPI), released quarterly by Stats NZ. The main CPI components are housing and household utilities, food and non-alcoholic beverages, transport, and recreation.
Related Indicators
| Indicator | Last Value | Prior Value | Period |
|---|---|---|---|
| Annual Inflation Rate | 2.92% | 5.73% | 2024 |
| Core Inflation Rate | 3.1% | 3.2% | Sep'25 |
| Inflation Rate QoQ | 1% | 0.5% | Sep'25 |
| PPI Output YoY | 4.2% | 4.7% | Jun'25 |