Inflation Rate and Consumer Price Index
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New Zealand inflation rate

New Zealand inflation summary for December 2023

Updated: January 24, 2024
Next update: April 17, 2024

Current New Zealand inflation rate

December 2023
4.7%
The Consumer Price Index for New Zealand is 1259 for the month of December 2023. The inflation rate year over year is 4.7% (compared to 5.6% for the previous quarter). Inflation from September 2023 to December 2023 was 0.5%.

Previous New Zealand Inflation Rate

September 2023 to December 2023
0.5%

Quarter-to-Quarter New Zealand Inflation Rate

September 2023
5.6%

Recent inflation rates for New Zealand

YearmarjunsepdecAnnual
20236.7%6.0%5.6%4.7%5.7%
20226.9%7.3%7.2%7.2%7.2%
20211.5%3.3%4.9%5.9%3.9%
20202.5%1.5%1.4%1.4%1.7%
20191.5%1.7%1.5%1.9%1.6%
All inflation rates are calculated using the New Zealand Consumer Price Index (CPI) series.