Inflation in New Zealand

New Zealand Inflation (eop) | Economic News & Forecasts

New Zealand - Inflation (end of period)

Inflation at over eight-year high in Q1

Consumer prices increased at a one-and-a-half-year high rate of 0.8% in Q1 2020 over the previous quarter, up from Q4’s 0.5% rise and beating analysts’ expectations of a 0.4% increase, according to Statistics New Zealand. In terms of specific categories, food, alcoholic beverages and tobacco, and housing and household utilities were the categories that contributed the most to the quarter-on-quarter increase in prices. On the other hand, prices for transport fell the most.

Meanwhile, inflation climbed to an over eight-year high of 2.5% in Q1 following Q4’s 1.9%, again beating analysts’ forecasts of a 2.1% increase and moving above 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 (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)0.8  0.1  1.3  1.6  1.9  

Sample Report

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


New Zealand Inflation (eop) 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

Sample Report

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


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