Inflation in New Zealand

New Zealand Inflation | Economic News & Forecasts

New Zealand - Inflation

Inflation softens in Q3

Consumer prices increased 0.7% in Q3 2019 over the previous quarter, up slightly from Q2’s 0.6% rise, according to Statistics New Zealand. The print showed that housing and household utilities, and food were the categories that contributed the most to the quarter-on-quarter increase in prices, only partially offset by lower price for clothing and footwear and communication.

Meanwhile, inflation dropped to 1.5% in Q3 following Q2’s 1.7%, and thus moved further away from the Central Bank’s 2.0% target.

FocusEconomics panelists expect inflation to average 2.0% in 2020, which is unchanged from last month’s forecast, and 2% again in 2021.

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  

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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 Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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