New Zealand inflation rate
New Zealand inflation summary for March 2025
Updated: April 17, 2025
Next update: July 21, 2025
Current New Zealand inflation rate
March 2025
2.5%
The Consumer Price Index for New Zealand is 1299 for the month of March 2025. The inflation rate year over year is 2.5% (compared to 0.0% for the previous quarter). Inflation from December 2024 to March 2025 was 0.9%.
Previous New Zealand Inflation Rate
December 2024 to March 2025
0.9%
Quarter-to-Quarter New Zealand Inflation Rate
December 2024
0.0%
Recent inflation rates for New Zealand
| Year | mar | jun | sep | dec | Annual |
|---|---|---|---|---|---|
| 2025 | 2.5% | ||||
| 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.