New Zealand Inflation Rate, Quarter on Quarter

How much consumer prices moved compared with the quarter before.

1.5%

+0.6pp vs Q1 2026

Q2 2026 · Quarterly data

Not seasonally adjusted

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, Quarter on Quarter

Q2 2000 to Q2 2026

Source: OECD prices database · Stats NZ's all-items consumers price index, quarterly; change on the previous quarter, to one decimal place.

New Zealand Inflation Rate, Quarter on Quarter in context

Worked out from the published series shown above.

In New Zealand, the inflation rate, quarter on quarter rose by 1.0pp over the year to Q2 2026, from 0.5% in Q2 2025.

It is the highest reading since Q3 2023.

Over the past five years it has ranged from 0.4% in Q2 2024 to 2.2% in Q3 2021.

Its average since Q2 2000 is 0.7%, and the latest reading is above that.

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

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.