New Zealand Inflation Rate
How much consumer prices have risen compared with a year earlier.
4.1%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full New Zealand economy18 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Inflation Rate
Q1 2001 to Q2 2026
Source: OECD prices database · Stats NZ's all-items consumers price index, quarterly; change on the same quarter a year earlier, to one decimal place.
New Zealand Inflation Rate in context
Worked out from the published series shown above.
In New Zealand, the inflation rate rose by 1.4pp over the year to Q2 2026, from 2.7% in Q2 2025.
It is the highest reading since Q4 2023.
Over the past five years it has ranged from 2.2% in Q3 2024 to 7.3% in Q2 2022.
Its average since Q1 2001 is 2.6%, and the latest reading is above that.
New Zealand is 10th of 36 countries in our Inflation Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- OECD
- Series
- prices
- Frequency
- Quarterly
- Unit
- %
- Seasonal adjustment
- Not seasonally adjusted
- Latest observation
- Q2 2026
- Revision status
- Latest published estimate, subject to revision
New Zealand measures the CPI quarterly, not monthly, so this updates four times a year. The Reserve Bank targets 1% to 3%, aiming for the 2% midpoint.
Data refreshed 2026-10-07. Figures are the latest published observations and can be revised.
More New Zealand indicators
Latest readings. Open any one for its full history.
Rankings
See every country we track, side by side.