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Inflation, CPI (Average) in New Zealand

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Average inflation measured by CPI reached 1.62 % in 2019 in New Zealand, according to the National Statistical Office. This is 1.38 % more than in the previous year.

Historically, average inflation measured by CPI in New Zealand reached an all time high of 17.1 % in 1980 and an all time low of -0.114 % in 1999. When compared to New Zealand's main peers, average inflation measured by CPI in Australia amounted to 1.61 %, 2.82 % in Indonesia, 0.663 % in Malaysia and 2.48 % in Philippines in 2019.

New Zealand has been ranked 112th within the group of 175 countries we follow in terms of average inflation measured by CPI, 1 places behind the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) 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.


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