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New Zealand Inflation Rates: 1927 to 2020

Historical inflation rates for New Zealand

Updated: July 16, 2020
Next update: October 23, 2020
YearmarjunsepdecAnnual
20202.5%1.5%
20191.5%1.7%1.5%1.9%1.6%
20181.1%1.5%1.9%1.9%1.6%
20172.2%1.7%1.9%1.6%1.9%
20160.4%0.4%0.4%1.3%0.6%
20150.3%0.4%0.4%0.1%0.3%
20141.5%1.6%1.0%0.8%1.2%
20130.9%0.7%1.4%1.6%1.1%
20121.6%1.0%0.8%0.9%1.1%
20114.5%5.3%4.6%1.8%4.0%
20102.0%1.7%1.5%4.0%2.3%
20093.0%1.9%1.7%2.0%2.1%
20083.4%4.0%5.1%3.4%4.0%
20072.5%2.0%1.8%3.2%2.4%
20063.3%4.0%3.5%2.6%3.4%
20052.8%2.8%3.4%3.2%3.0%
20041.5%2.4%2.5%2.7%2.3%
20032.5%1.5%1.5%1.6%1.8%
20022.6%2.8%2.6%2.7%2.7%
20013.1%3.2%2.4%1.8%2.6%
20001.5%2.0%3.0%4.0%2.6%
1999-0.1%-0.4%-0.5%0.5%-0.1%
19981.3%1.7%1.7%0.4%1.3%
19971.8%1.1%1.0%0.8%1.2%
19962.2%2.0%2.4%2.6%2.3%
19954.0%4.6%3.5%2.9%3.8%
19941.3%1.1%1.8%2.8%1.7%
19931.0%1.3%1.5%1.4%1.3%
19920.8%1.0%1.0%1.3%1.0%
19914.5%2.8%2.2%1.0%2.6%
19907.0%7.6%5.0%4.9%6.1%
19894.0%4.4%7.2%7.2%5.7%
19889.0%6.3%5.6%4.7%6.4%
198718.3%18.9%16.9%9.6%15.7%
198613.0%10.4%11.0%18.2%13.2%
198513.4%16.6%16.3%15.3%15.4%
19843.5%4.7%7.0%9.4%6.2%
198312.6%8.3%5.4%3.6%7.3%
198215.8%17.0%16.6%15.3%16.2%
198115.2%15.1%15.4%15.7%15.4%
198018.4%17.9%16.3%16.1%17.2%
197910.4%12.4%15.2%16.5%13.7%
197814.6%12.3%11.1%10.1%12.0%
197713.7%14.0%14.4%15.3%14.4%
197617.2%17.7%17.2%15.6%16.9%
197513.2%14.9%14.8%15.7%14.7%
197410.3%10.0%11.5%12.6%11.1%
19736.0%7.6%8.9%10.2%8.2%
19728.5%7.4%6.5%5.5%6.9%
197110.3%11.0%11.1%9.1%10.4%
19704.8%5.2%6.1%10.0%6.5%
19695.5%5.2%5.1%4.0%4.9%
19685.0%3.6%3.6%5.1%4.3%
19674.2%6.4%7.0%6.6%6.1%
19662.8%3.3%2.6%2.4%2.8%
19654.3%3.6%3.4%2.4%3.4%
19642.5%3.0%3.8%4.5%3.5%
19631.8%1.9%1.9%2.2%2.0%
19622.9%3.3%2.5%2.1%2.7%
19611.6%1.4%2.1%2.1%1.8%
19600.5%0.4%0.3%1.6%0.7%
19596.5%5.7%2.1%1.1%3.8%
19582.7%2.3%6.3%6.5%4.4%
19572.8%2.8%1.3%1.8%2.2%
19562.2%2.6%4.6%4.6%3.5%
19553.0%2.3%2.3%2.5%2.5%
19545.4%5.9%4.9%2.4%4.6%
19534.3%4.1%4.1%5.6%4.5%
195211.8%8.6%6.4%4.6%7.8%
19519.9%11.1%11.0%11.9%11.0%
19502.0%5.0%7.2%8.5%5.7%
19492.1%1.1%1.6%1.8%1.7%
194810.1%10.6%9.5%1.6%7.8%
19470.3%0.9%1.8%10.1%3.3%
19460.9%1.0%1.3%-0.2%0.8%
19451.7%1.3%1.1%1.3%1.4%
19441.8%2.0%1.7%1.5%1.7%
19434.0%2.6%1.8%1.4%2.4%
19422.3%2.6%4.2%3.9%3.3%
19414.2%3.9%3.0%3.8%3.7%
19404.5%4.7%4.7%2.7%4.2%
19392.8%3.4%4.5%7.7%4.6%
19385.0%3.5%2.7%0.6%2.9%
19376.9%7.4%6.6%7.2%7.0%
19361.7%2.5%3.8%3.3%2.8%
19352.7%2.8%3.8%5.6%3.7%
19340.9%2.0%1.4%1.2%1.4%
1933-8.9%-5.1%-3.0%-0.7%-4.5%
1932-6.1%-8.1%-7.9%-9.2%-7.8%
1931-6.4%-7.8%-9.1%-7.8%-7.8%
1930-0.6%-1.0%-2.3%-4.0%-2.0%
19290.1%-0.7%0.0%-0.5%-0.3%
1928-0.7%0.2%0.2%0.6%0.1%
1927-0.1%-0.9%-1.4%-0.9%-0.8%

Additional resources

All inflation rates are calculated using the New Zealand Consumer Price Index (CPI) series.