Economic Outlook No 117 — Headline inflation in New Zealand
New Zealand: Economic Outlook No 117 — Headline inflation was 2.1 in 2026. ◆ Volatile
Economic Outlook No 117 — Headline inflation in New Zealand, 1966–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
New Zealand recorded 2.1 for economic outlook no 117 — headline inflation in 2026.
Compared with earlier readings it is down 14.0% on the previous year and up 225.7% over ten years.
Over the whole period, economic outlook no 117 — headline inflation in New Zealand peaked at 17.15 in 1980 and was at its lowest, -0.1143, in 1999.
New Zealand ranks 21st of 28 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Headline inflation in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 1966 | 2.76 | — |
| 1967 | 6.06 | +119.8% |
| 1968 | 4.31 | -28.8% |
| 1969 | 4.93 | +14.2% |
| 1970 | 6.52 | +32.3% |
| 1971 | 10.39 | +59.4% |
| 1972 | 6.93 | -33.3% |
| 1973 | 8.17 | +17.8% |
| 1974 | 11.11 | +36.0% |
| 1975 | 14.69 | +32.2% |
| 1976 | 16.91 | +15.1% |
| 1977 | 14.38 | -14.9% |
| 1978 | 11.96 | -16.9% |
| 1979 | 13.7 | +14.6% |
| 1980 | 17.15 | +25.2% |
| 1981 | 15.37 | -10.4% |
| 1982 | 16.16 | +5.2% |
| 1983 | 7.34 | -54.6% |
| 1984 | 6.17 | -15.9% |
| 1985 | 15.42 | +149.8% |
| 1986 | 13.21 | -14.3% |
| 1987 | 15.74 | +19.2% |
| 1988 | 6.38 | -59.5% |
| 1989 | 5.72 | -10.3% |
| 1990 | 6.1 | +6.7% |
| 1991 | 2.6 | -57.3% |
| 1992 | 1.01 | -61.0% |
| 1993 | 1.29 | +27.0% |
| 1994 | 1.75 | +35.5% |
| 1995 | 3.75 | +115.1% |
| 1996 | 2.29 | -39.1% |
| 1997 | 1.19 | -48.1% |
| 1998 | 1.27 | +6.6% |
| 1999 | -0.1143 | -109.0% |
| 2000 | 2.62 | -2388.7% |
| 2001 | 2.63 | +0.4% |
| 2002 | 2.68 | +2.0% |
| 2003 | 1.75 | -34.5% |
| 2004 | 2.29 | +30.6% |
| 2005 | 3.04 | +32.6% |
| 2006 | 3.37 | +10.8% |
| 2007 | 2.38 | -29.4% |
| 2008 | 3.96 | +66.6% |
| 2009 | 2.12 | -46.6% |
| 2010 | 2.3 | +8.8% |
| 2011 | 4.03 | +75.0% |
| 2012 | 1.06 | -73.7% |
| 2013 | 1.13 | +7.0% |
| 2014 | 1.23 | +8.2% |
| 2015 | 0.2927 | -76.2% |
| 2016 | 0.6462 | +120.8% |
| 2017 | 1.85 | +186.4% |
| 2018 | 1.6 | -13.6% |
| 2019 | 1.62 | +1.3% |
| 2020 | 1.71 | +5.9% |
| 2021 | 3.94 | +129.9% |
| 2022 | 7.17 | +82.0% |
| 2023 | 5.73 | -20.1% |
| 2024 | 2.92 | -49.0% |
| 2025 | 2.45 | -16.2% |
| 2026 | 2.1 | -14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.51 | 2.76 | 6.06 | 4 |
| 1970s | 11.47 | 6.52 | 16.91 | 10 |
| 1980s | 11.87 | 5.72 | 17.15 | 10 |
| 1990s | 2.11 | -0.1143 | 6.1 | 10 |
| 2000s | 2.68 | 1.75 | 3.96 | 10 |
| 2010s | 1.58 | 0.2927 | 4.03 | 10 |
| 2020s | 3.72 | 1.71 | 7.17 | 7 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 33,643 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.5121 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 49,980 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 1.99 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.67 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 82,583 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.7819 % change on previous year (2024)
Frequently asked questions
- What is economic outlook no 117 — headline inflation in New Zealand?
- Economic outlook no 117 — headline inflation in New Zealand was 2.1 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — headline inflation recorded in New Zealand?
- The highest recorded value was 17.15 in 1980.
- What is the lowest economic outlook no 117 — headline inflation recorded in New Zealand?
- The lowest recorded value was -0.1143 in 1999.
- How does New Zealand rank for economic outlook no 117 — headline inflation?
- New Zealand ranks 21st out of 28 countries with data for 2026.
- Is economic outlook no 117 — headline inflation rising or falling in New Zealand?
- Over the last ten years it is up 225.7%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 117 — Headline inflation. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP