Inflation in New Zealand

New Zealand Inflation | Economic News & Forecasts

New Zealand - Inflation

Inflation falls further below Central Bank target

Consumer prices rose 0.1% in Q1 2019 over the previous quarter, matching Q4 2018’s uptick, according to Statistics New Zealand. The print showed that a rebound in prices for food, and alcoholic beverages and tobacco was partially offset by lower prices for transport, telecommunications, and recreation and culture.

Inflation slowed to 1.5% in Q1, after Q4’s 1.9% increase, thus falling further below the Central Bank’s 2.0% target. In contrast, average annual inflation edged up to 1.7% in the first quarter (Q4: 1.6% year-on-year).

FocusEconomics panelists expect inflation to average 2.0% in 2019, which is unchanged from last month’s forecast, and 2.0% again in 2020.

New Zealand - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.1  1.2  0.3  0.6  1.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

New Zealand Inflation Chart


New Zealand Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

ValueChangeDate
Bond Yield1.831.20 %May 13
Exchange Rate0.66-1.69 %May 13
Stock Market4,4380.11 %May 13

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form