New Zealand Inflation Rate 1960-2022

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • New Zealand inflation rate for 2021 was 3.94%, a 2.23% increase from 2020.
  • New Zealand inflation rate for 2020 was 1.71%, a 0.1% increase from 2019.
  • New Zealand inflation rate for 2019 was 1.62%, a 0.02% increase from 2018.
  • New Zealand inflation rate for 2018 was 1.60%, a 0.25% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 7.75%
Hungary 5.11%
Poland 5.06%
United States 4.70%
Lithuania 4.68%
Estonia 4.65%
Chile 4.52%
Iceland 4.44%
New Zealand 3.94%
Czech Republic 3.84%
Norway 3.48%
Kuwait 3.42%
Canada 3.40%
Latvia 3.28%
Slovak Republic 3.15%
Germany 3.14%
Spain 3.09%
Saudi Arabia 3.06%
Bahamas 2.90%
Australia 2.86%
Austria 2.77%
Netherlands 2.68%
Palau 2.66%
Croatia 2.55%
Luxembourg 2.53%
United Kingdom 2.52%
South Korea 2.50%
Cyprus 2.45%
Belgium 2.44%
Ireland 2.36%
Singapore 2.30%
Qatar 2.30%
Finland 2.19%
Sweden 2.16%
Antigua and Barbuda 2.06%
Slovenia 1.92%
Italy 1.87%
Denmark 1.85%
Brunei 1.73%
France 1.64%
Panama 1.63%
Hong Kong 1.57%
Oman 1.55%
Malta 1.50%
Israel 1.49%
Portugal 1.27%
Greece 1.22%
St. Kitts and Nevis 1.20%
Switzerland 0.58%
Japan -0.23%
Bahrain -0.61%
New Zealand Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 3.94% 2.23%
2020 1.71% 0.10%
2019 1.62% 0.02%
2018 1.60% -0.25%
2017 1.85% 1.20%
2016 0.65% 0.35%
2015 0.29% -0.93%
2014 1.23% 0.09%
2013 1.13% 0.07%
2012 1.06% -2.97%
2011 4.03% 1.73%
2010 2.30% 0.19%
2009 2.12% -1.84%
2008 3.96% 1.58%
2007 2.38% -0.99%
2006 3.37% 0.33%
2005 3.04% 0.75%
2004 2.29% 0.54%
2003 1.75% -0.92%
2002 2.68% 0.05%
2001 2.63% 0.01%
2000 2.62% 2.73%
1999 -0.11% -1.38%
1998 1.27% 0.08%
1997 1.19% -1.10%
1996 2.29% -1.47%
1995 3.75% 2.01%
1994 1.75% 0.46%
1993 1.29% 0.27%
1992 1.01% -1.59%
1991 2.60% -3.50%
1990 6.10% 0.38%
1989 5.72% -0.66%
1988 6.38% -9.37%
1987 15.74% 2.53%
1986 13.21% -2.20%
1985 15.42% 9.25%
1984 6.17% -1.17%
1983 7.34% -8.82%
1982 16.16% 0.79%
1981 15.37% -1.78%
1980 17.15% 3.45%
1979 13.70% 1.74%
1978 11.96% -2.43%
1977 14.38% -2.52%
1976 16.91% 2.22%
1975 14.69% 3.58%
1974 11.11% 2.94%
1973 8.17% 1.23%
1972 6.93% -3.45%
1971 10.39% 3.87%
1970 6.52% 1.59%
1969 4.93% 0.61%
1968 4.31% -1.75%
1967 6.06% 3.30%
1966 2.76% -0.64%
1965 3.40% -0.08%
1964 3.47% 1.51%
1963 1.97% -0.71%
1962 2.68% 0.88%
1961 1.80% 1.10%
1960 0.70% 1.10%