New Zealand Inflation Rate 1960-2024
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 2023 was 5.73%, a 1.44% decline from 2022.
- New Zealand inflation rate for 2022 was 7.17%, a 3.23% increase from 2021.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.73% |
-1.44% |
| 2022 |
7.17% |
3.23% |
| 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% |
