NZ Inflation Rate
Annual consumer price inflation in New Zealand, measured by the CPI series.
Latest year in this collection
2025: 2.84%. This is the latest annual observation in the 17 September 2026 download, not a live economic release. No 2026 value is estimated.
What this indicator measures
Inflation measures the rate of change in consumer prices, not their level. A lower positive rate means prices rose more slowly; it does not mean prices fell. These annual values are not quarterly readings.
Latest available annual historical series, not the information available on election day. Annual reference years follow the source; these are not election-day or quarterly observations. Blank years are not estimated.
Showing economic data beside political history does not establish causation or measure a government's performance.
CPI inflation: annual history
| Year | CPI inflation (%) |
|---|---|
| 2025 | 2.84% |
| 2024 | 2.92% |
| 2023 | 5.73% |
| 2022 | 7.17% |
| 2021 | 3.94% |
| 2020 | 1.71% |
| 2019 | 1.62% |
| 2018 | 1.60% |
| 2017 | 1.85% |
| 2016 | 0.65% |
| 2015 | 0.29% |
| 2014 | 1.23% |
| 2013 | 1.13% |
| 2012 | 1.06% |
| 2011 | 4.03% |
| 2010 | 2.30% |
| 2009 | 2.12% |
| 2008 | 3.96% |
| 2007 | 2.38% |
| 2006 | 3.37% |
| 2005 | 3.04% |
| 2004 | 2.29% |
| 2003 | 1.75% |
| 2002 | 2.68% |
| 2001 | 2.63% |
| 2000 | 2.62% |
| 1999 | -0.11% |
| 1998 | 1.27% |
| 1997 | 1.19% |
| 1996 | 2.29% |
| 1995 | 3.75% |
| 1994 | 1.75% |
| 1993 | 1.29% |
| 1992 | 1.01% |
| 1991 | 2.60% |
| 1990 | 6.10% |
| 1989 | 5.72% |
| 1988 | 6.38% |
| 1987 | 15.74% |
| 1986 | 13.21% |
| 1985 | 15.42% |
| 1984 | 6.17% |
| 1983 | 7.34% |
| 1982 | 16.16% |
| 1981 | 15.37% |
| 1980 | 17.15% |
| 1979 | 13.70% |
| 1978 | 11.96% |
| 1977 | 14.38% |
| 1976 | 16.91% |
| 1975 | 14.68% |
| 1974 | 11.11% |
| 1973 | 8.17% |
| 1972 | 6.93% |
| 1971 | 10.39% |
| 1970 | 6.52% |
| 1969 | 4.93% |
| 1968 | 4.31% |
| 1967 | 6.06% |
| 1966 | 2.76% |
| 1965 | 3.40% |
| 1964 | 3.47% |
| 1963 | 1.97% |
| 1962 | 2.68% |
| 1961 | 1.80% |
| 1960 | 0.70% |
Source, definition and dates
World Bank — World Development Indicators: CPI inflation, New Zealand
Read the source definition
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.
Displayed values are rounded to two decimal places. Missing values remain unavailable; the recorded source values are unchanged. The sources do not endorse Voted. Full acknowledgements.
Related New Zealand indicators
Explore NZ election records · Read government history · Report an error with its source