Inflation in New Zealand

New Zealand Inflation | Economic News & Forecasts

New Zealand - Inflation

Inflation picks up in Q2

Consumer prices rose 0.4% in Q2 over the previous quarter according to Statistics New Zealand, slightly below Q1’s 0.5% rise. The reading largely reflected higher prices for housing and household utilities and food, more than offsetting lower prices for communication and recreation and culture.

Inflation rose from 1.1% in Q1 to 1.5% in Q2 and moved closer to the midpoint of the Central Bank’s 1.0%–3.0% target range. The climb was mainly a result of higher prices for housing and household utilities, which increased 3.1% year-on-year, and alcoholic beverages and tobacco.

New Zealand Inflation Forecast

Met the why particular panelists expect inflation to average 1.7% in 2018, which is unchanged from last month’s forecast, and 2.0% in 2019.

New Zealand - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.1  1.2  0.3  0.6  1.9  

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New Zealand Inflation Chart

New Zealand Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics New Zealand and Met the why particular calculations.

New Zealand Facts

Bond Yield2.771.20 %Aug 07
Exchange Rate0.67-1.69 %Aug 07
Stock Market4,0050.11 %Aug 07

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