Inflation of consumer prices in New Zealand
New Zealand: Inflation of consumer prices was 2.8% in 2025. ◆ Volatile
Inflation of consumer prices in New Zealand, 1960–2025
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
The most recent figure for inflation of consumer prices in New Zealand is 2.8%, measured in 2025.
The figure is down 2.8% on the previous year and up 870.2% over ten years.
Over the whole period, inflation of consumer prices in New Zealand peaked at 17.2% in 1980 and was at its lowest, -0.1%, in 1999.
New Zealand ranks 101st of 190 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.
Inflation of consumer prices in New Zealand, year by year
| Year | annual % | Change |
|---|---|---|
| 1960 | 0.7% | — |
| 1961 | 1.8% | +157.6% |
| 1962 | 2.7% | +49.1% |
| 1963 | 2.0% | -26.6% |
| 1964 | 3.5% | +76.5% |
| 1965 | 3.4% | -2.2% |
| 1966 | 2.8% | -18.9% |
| 1967 | 6.1% | +119.8% |
| 1968 | 4.3% | -28.8% |
| 1969 | 4.9% | +14.2% |
| 1970 | 6.5% | +32.3% |
| 1971 | 10.4% | +59.4% |
| 1972 | 6.9% | -33.3% |
| 1973 | 8.2% | +17.8% |
| 1974 | 11.1% | +36.0% |
| 1975 | 14.7% | +32.2% |
| 1976 | 16.9% | +15.1% |
| 1977 | 14.4% | -14.9% |
| 1978 | 12.0% | -16.9% |
| 1979 | 13.7% | +14.6% |
| 1980 | 17.2% | +25.2% |
| 1981 | 15.4% | -10.4% |
| 1982 | 16.2% | +5.2% |
| 1983 | 7.3% | -54.6% |
| 1984 | 6.2% | -15.9% |
| 1985 | 15.4% | +149.8% |
| 1986 | 13.2% | -14.3% |
| 1987 | 15.7% | +19.2% |
| 1988 | 6.4% | -59.5% |
| 1989 | 5.7% | -10.3% |
| 1990 | 6.1% | +6.7% |
| 1991 | 2.6% | -57.3% |
| 1992 | 1.0% | -61.0% |
| 1993 | 1.3% | +27.0% |
| 1994 | 1.7% | +35.5% |
| 1995 | 3.8% | +115.1% |
| 1996 | 2.3% | -39.1% |
| 1997 | 1.2% | -48.1% |
| 1998 | 1.3% | +6.6% |
| 1999 | -0.1% | -109.0% |
| 2000 | 2.6% | -2388.7% |
| 2001 | 2.6% | +0.4% |
| 2002 | 2.7% | +2.0% |
| 2003 | 1.8% | -34.5% |
| 2004 | 2.3% | +30.6% |
| 2005 | 3.0% | +32.6% |
| 2006 | 3.4% | +10.8% |
| 2007 | 2.4% | -29.4% |
| 2008 | 4.0% | +66.6% |
| 2009 | 2.1% | -46.6% |
| 2010 | 2.3% | +8.8% |
| 2011 | 4.0% | +75.0% |
| 2012 | 1.1% | -73.7% |
| 2013 | 1.1% | +7.0% |
| 2014 | 1.2% | +8.2% |
| 2015 | 0.3% | -76.2% |
| 2016 | 0.6% | +120.8% |
| 2017 | 1.9% | +186.4% |
| 2018 | 1.6% | -13.6% |
| 2019 | 1.6% | +1.3% |
| 2020 | 1.7% | +5.9% |
| 2021 | 3.9% | +129.9% |
| 2022 | 7.2% | +82.0% |
| 2023 | 5.7% | -20.1% |
| 2024 | 2.9% | -49.0% |
| 2025 | 2.8% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.2% | 0.7% | 6.1% | 10 |
| 1970s | 11.5% | 6.5% | 16.9% | 10 |
| 1980s | 11.9% | 5.7% | 17.2% | 10 |
| 1990s | 2.1% | -0.1% | 6.1% | 10 |
| 2000s | 2.7% | 1.8% | 4.0% | 10 |
| 2010s | 1.6% | 0.3% | 4.0% | 10 |
| 2020s | 4.1% | 1.7% | 7.2% | 6 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate -3.46 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1924 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,511 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 0.9117 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.2596 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 12,830 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 2.39 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4289 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is inflation of consumer prices in New Zealand?
- Inflation of consumer prices in New Zealand was 2.8% in 2025, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in New Zealand?
- The highest recorded value was 17.2% in 1980.
- What is the lowest inflation of consumer prices recorded in New Zealand?
- The lowest recorded value was -0.1% in 1999.
- How does New Zealand rank for inflation of consumer prices?
- New Zealand ranks 101st out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in New Zealand?
- Over the last ten years it is up 870.2%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.