New Zealand inflation rate
New Zealand inflation summary for September 2025
Updated: October 20, 2025
Next update: January 23, 2026
Current New Zealand inflation rate
September 2025
3.0%
The Consumer Price Index for New Zealand is 1319 for the month of September 2025. The inflation rate year over year is 3.0% (compared to 2.7% for the previous quarter). Inflation from June 2025 to September 2025 was 1.0%.
Previous New Zealand Inflation Rate
June 2025 to September 2025
1.0%
Quarter-to-Quarter New Zealand Inflation Rate
June 2025
2.7%
Recent inflation rates for New Zealand
| Year | mar | jun | sep | dec | Annual |
|---|---|---|---|---|---|
| 2025 | 2.5% | 2.7% | 3.0% | ||
| 2024 | 4.0% | 3.3% | 2.2% | 2.2% | 2.9% |
| 2023 | 6.7% | 6.0% | 5.6% | 4.7% | 5.7% |
| 2022 | 6.9% | 7.3% | 7.2% | 7.2% | 7.2% |
| 2021 | 1.5% | 3.3% | 4.9% | 5.9% | 3.9% |
Additional resources
All inflation rates are calculated using the New Zealand Consumer Price Index (CPI) series.