Inflation in New Zealand

New Zealand Inflation | Economic News & Forecasts

New Zealand - Inflation

Inflation stable in Q4

Consumer prices increased 0.5% in Q4 2020, coming in below Q3’s 0.7% rise. In terms of specific categories, higher prices for domestic accommodation, construction and used cars drove the quarter-on-quarter increase in prices.

Meanwhile, inflation was stable at Q3’s 1.4% in Q4, thus remaining below the Central Bank’s 2.0% target.

Our panelists see inflation averaging 1.4% in 2021 and 1.7% in 2022.

New Zealand - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.3  0.6  1.9  1.6  1.6  

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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

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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