New Zealand Inflation Rate

Last updated: 2025-04-21

Annual inflation

2.53%

YoY ending in Q1 2025

8%8%6%6%4%4%2%2%0%0%0.08%1.34%1.59%1.89%1.85%1.44%5.95%7.22%4.66%2.22%2.53%2015201520162016201720172018201820192019202020202021202120222022202320232024202420252025

The graph above shows the annual inflation rates in New Zealand for the previous 10 calendar years, from 2015. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the New Zealand Inflation Calculator.

The current inflation rate in New Zealand is 2.53%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in 2025 Q1.

Read more
Year Measure Q1 Q2 Q3 Q4
2025 YoY 2.53
QoQ 0.93
2024 YoY 4.02 3.33 2.15 2.22
QoQ 0.64 0.39 0.63 0.55

Historical Annual Inflation Rates from 1926

The table below contains annual inflation rates in New Zealand from 1926. The 'Inflation %' column indicates how much prices have changed since the previous year.

Read more

More historical data →