New Zealand Inflation
Inflation moderates in Q2
Inflation declined to 6.0% in Q2 from 6.7% in Q1. It therefore remained entrenched above the Central Bank’s 1.0%-3.0% target band. The largest contributors to inflation were food and housing and household utilities.
Meanwhile, consumer prices rose 1.07% from the previous quarter in Q2, coming in below Q1’s 1.25% increase.
New Zealand Inflation Chart
This chart displays Inflation Rate (CPI, annual variation in %) for New Zealand from 2013 to 2022.
New Zealand Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.6 | 1.6 | 1.7 | 3.9 | 7.2 |
| Inflation (CPI, ann. var. %, eop) | 1.9 | 1.9 | 1.4 | 5.9 | 7.2 |
| Inflation (PPI, ann. var. %, aop) | 3.4 | 2.1 | 1.0 | 4.6 | 8.3 |