Data / Inflation (CPI annual change) / New Zealand

Inflation (CPI annual change) in New Zealand

Inflation (CPI annual change) in New Zealand was 4.1% in Q2 2026, according to Stats NZ. That is up 1.4 pts from Q2 2025.

Q2 20264.1%
Change on Q2 2025+1.4 pts
Series high18.9Q2 1987
Series low-0.5Q3 1999

Inflation (CPI annual change) in New Zealand, Q1 1951 to Q2 2026

-5051015201951-Q11962-Q11973-Q11984-Q11995-Q12006-Q12017-Q12026-Q21951-Q1: 9.9 %1951-Q2: 11.1 %1951-Q3: 11 %1951-Q4: 11.9 %1952-Q1: 11.8 %1952-Q2: 8.6 %1952-Q3: 6.4 %1952-Q4: 4.6 %1953-Q1: 4.3 %1953-Q2: 4.1 %1953-Q3: 4.1 %1953-Q4: 5.6 %1954-Q1: 5.4 %1954-Q2: 5.9 %1954-Q3: 4.9 %1954-Q4: 2.4 %1955-Q1: 3 %1955-Q2: 2.3 %1955-Q3: 2.3 %1955-Q4: 2.5 %1956-Q1: 2.2 %1956-Q2: 2.6 %1956-Q3: 4.6 %1956-Q4: 4.6 %1957-Q1: 2.8 %1957-Q2: 2.8 %1957-Q3: 1.3 %1957-Q4: 1.8 %1958-Q1: 2.7 %1958-Q2: 2.3 %1958-Q3: 6.3 %1958-Q4: 6.5 %1959-Q1: 6.5 %1959-Q2: 5.7 %1959-Q3: 2.1 %1959-Q4: 1.1 %1960-Q1: 0.5 %1960-Q2: 0.4 %1960-Q3: 0.3 %1960-Q4: 1.6 %1961-Q1: 1.6 %1961-Q2: 1.4 %1961-Q3: 2.1 %1961-Q4: 2.1 %1962-Q1: 2.9 %1962-Q2: 3.3 %1962-Q3: 2.5 %1962-Q4: 2.1 %1963-Q1: 1.8 %1963-Q2: 1.9 %1963-Q3: 1.9 %1963-Q4: 2.2 %1964-Q1: 2.5 %1964-Q2: 3 %1964-Q3: 3.8 %1964-Q4: 4.5 %1965-Q1: 4.3 %1965-Q2: 3.6 %1965-Q3: 3.4 %1965-Q4: 2.4 %1966-Q1: 2.8 %1966-Q2: 3.3 %1966-Q3: 2.6 %1966-Q4: 2.4 %1967-Q1: 4.2 %1967-Q2: 6.4 %1967-Q3: 7 %1967-Q4: 6.6 %1968-Q1: 5 %1968-Q2: 3.6 %1968-Q3: 3.6 %1968-Q4: 5.1 %1969-Q1: 5.5 %1969-Q2: 5.2 %1969-Q3: 5.1 %1969-Q4: 4 %1970-Q1: 4.8 %1970-Q2: 5.2 %1970-Q3: 6.1 %1970-Q4: 10 %1971-Q1: 10.3 %1971-Q2: 11 %1971-Q3: 11.1 %1971-Q4: 9.1 %1972-Q1: 8.5 %1972-Q2: 7.4 %1972-Q3: 6.5 %1972-Q4: 5.5 %1973-Q1: 6 %1973-Q2: 7.6 %1973-Q3: 8.9 %1973-Q4: 10.2 %1974-Q1: 10.3 %1974-Q2: 10 %1974-Q3: 11.5 %1974-Q4: 12.6 %1975-Q1: 13.2 %1975-Q2: 14.9 %1975-Q3: 14.8 %1975-Q4: 15.7 %1976-Q1: 17.2 %1976-Q2: 17.7 %1976-Q3: 17.2 %1976-Q4: 15.6 %1977-Q1: 13.7 %1977-Q2: 14 %1977-Q3: 14.4 %1977-Q4: 15.3 %1978-Q1: 14.6 %1978-Q2: 12.3 %1978-Q3: 11.1 %1978-Q4: 10.1 %1979-Q1: 10.4 %1979-Q2: 12.4 %1979-Q3: 15.2 %1979-Q4: 16.5 %1980-Q1: 18.4 %1980-Q2: 17.9 %1980-Q3: 16.3 %1980-Q4: 16.1 %1981-Q1: 15.2 %1981-Q2: 15.1 %1981-Q3: 15.4 %1981-Q4: 15.7 %1982-Q1: 15.8 %1982-Q2: 17 %1982-Q3: 16.6 %1982-Q4: 15.3 %1983-Q1: 12.6 %1983-Q2: 8.3 %1983-Q3: 5.4 %1983-Q4: 3.6 %1984-Q1: 3.5 %1984-Q2: 4.7 %1984-Q3: 7 %1984-Q4: 9.4 %1985-Q1: 13.4 %1985-Q2: 16.6 %1985-Q3: 16.3 %1985-Q4: 15.3 %1986-Q1: 13 %1986-Q2: 10.4 %1986-Q3: 11 %1986-Q4: 18.2 %1987-Q1: 18.3 %1987-Q2: 18.9 %1987-Q3: 16.9 %1987-Q4: 9.6 %1988-Q1: 9 %1988-Q2: 6.3 %1988-Q3: 5.6 %1988-Q4: 4.7 %1989-Q1: 4 %1989-Q2: 4.4 %1989-Q3: 7.2 %1989-Q4: 7.2 %1990-Q1: 7 %1990-Q2: 7.6 %1990-Q3: 5 %1990-Q4: 4.9 %1991-Q1: 4.5 %1991-Q2: 2.8 %1991-Q3: 2.2 %1991-Q4: 1 %1992-Q1: 0.8 %1992-Q2: 1 %1992-Q3: 1 %1992-Q4: 1.3 %1993-Q1: 1 %1993-Q2: 1.3 %1993-Q3: 1.5 %1993-Q4: 1.4 %1994-Q1: 1.3 %1994-Q2: 1.1 %1994-Q3: 1.8 %1994-Q4: 2.8 %1995-Q1: 4 %1995-Q2: 4.6 %1995-Q3: 3.5 %1995-Q4: 2.9 %1996-Q1: 2.2 %1996-Q2: 2 %1996-Q3: 2.4 %1996-Q4: 2.6 %1997-Q1: 1.8 %1997-Q2: 1.1 %1997-Q3: 1 %1997-Q4: 0.8 %1998-Q1: 1.3 %1998-Q2: 1.7 %1998-Q3: 1.7 %1998-Q4: 0.4 %1999-Q1: -0.1 %1999-Q2: -0.4 %1999-Q3: -0.5 %1999-Q4: 0.5 %2000-Q1: 1.5 %2000-Q2: 2 %2000-Q3: 3 %2000-Q4: 4 %2001-Q1: 3.1 %2001-Q2: 3.2 %2001-Q3: 2.4 %2001-Q4: 1.8 %2002-Q1: 2.6 %2002-Q2: 2.8 %2002-Q3: 2.6 %2002-Q4: 2.7 %2003-Q1: 2.5 %2003-Q2: 1.5 %2003-Q3: 1.5 %2003-Q4: 1.6 %2004-Q1: 1.5 %2004-Q2: 2.4 %2004-Q3: 2.5 %2004-Q4: 2.7 %2005-Q1: 2.8 %2005-Q2: 2.8 %2005-Q3: 3.4 %2005-Q4: 3.2 %2006-Q1: 3.3 %2006-Q2: 4 %2006-Q3: 3.5 %2006-Q4: 2.6 %2007-Q1: 2.5 %2007-Q2: 2 %2007-Q3: 1.8 %2007-Q4: 3.2 %2008-Q1: 3.4 %2008-Q2: 4 %2008-Q3: 5.1 %2008-Q4: 3.4 %2009-Q1: 3 %2009-Q2: 1.9 %2009-Q3: 1.7 %2009-Q4: 2 %2010-Q1: 2 %2010-Q2: 1.7 %2010-Q3: 1.5 %2010-Q4: 4 %2011-Q1: 4.5 %2011-Q2: 5.3 %2011-Q3: 4.6 %2011-Q4: 1.8 %2012-Q1: 1.6 %2012-Q2: 1 %2012-Q3: 0.8 %2012-Q4: 0.9 %2013-Q1: 0.9 %2013-Q2: 0.7 %2013-Q3: 1.4 %2013-Q4: 1.6 %2014-Q1: 1.5 %2014-Q2: 1.6 %2014-Q3: 1 %2014-Q4: 0.8 %2015-Q1: 0.3 %2015-Q2: 0.4 %2015-Q3: 0.4 %2015-Q4: 0.1 %2016-Q1: 0.4 %2016-Q2: 0.4 %2016-Q3: 0.4 %2016-Q4: 1.3 %2017-Q1: 2.2 %2017-Q2: 1.7 %2017-Q3: 1.9 %2017-Q4: 1.6 %2018-Q1: 1.1 %2018-Q2: 1.5 %2018-Q3: 1.9 %2018-Q4: 1.9 %2019-Q1: 1.5 %2019-Q2: 1.7 %2019-Q3: 1.5 %2019-Q4: 1.9 %2020-Q1: 2.5 %2020-Q2: 1.5 %2020-Q3: 1.4 %2020-Q4: 1.4 %2021-Q1: 1.5 %2021-Q2: 3.3 %2021-Q3: 4.9 %2021-Q4: 5.9 %2022-Q1: 6.9 %2022-Q2: 7.3 %2022-Q3: 7.2 %2022-Q4: 7.2 %2023-Q1: 6.7 %2023-Q2: 6 %2023-Q3: 5.6 %2023-Q4: 4.7 %2024-Q1: 4 %2024-Q2: 3.3 %2024-Q3: 2.2 %2024-Q4: 2.2 %2025-Q1: 2.5 %2025-Q2: 2.7 %2025-Q3: 3 %2025-Q4: 3.1 %2026-Q1: 3.1 %2026-Q2: 4.1 %
%. Source: Invokely calculation with data from Stats NZ. Retrieved 2026-10-11, published 2026-07-21.
All 302 values
Period%
2026-Q24.1
2026-Q13.1
2025-Q43.1
2025-Q33
2025-Q22.7
2025-Q12.5
2024-Q42.2
2024-Q32.2
2024-Q23.3
2024-Q14
2023-Q44.7
2023-Q35.6
2023-Q26
2023-Q16.7
2022-Q47.2
2022-Q37.2
2022-Q27.3
2022-Q16.9
2021-Q45.9
2021-Q34.9
2021-Q23.3
2021-Q11.5
2020-Q41.4
2020-Q31.4
2020-Q21.5
2020-Q12.5
2019-Q41.9
2019-Q31.5
2019-Q21.7
2019-Q11.5
2018-Q41.9
2018-Q31.9
2018-Q21.5
2018-Q11.1
2017-Q41.6
2017-Q31.9
2017-Q21.7
2017-Q12.2
2016-Q41.3
2016-Q30.4
2016-Q20.4
2016-Q10.4
2015-Q40.1
2015-Q30.4
2015-Q20.4
2015-Q10.3
2014-Q40.8
2014-Q31
2014-Q21.6
2014-Q11.5
2013-Q41.6
2013-Q31.4
2013-Q20.7
2013-Q10.9
2012-Q40.9
2012-Q30.8
2012-Q21
2012-Q11.6
2011-Q41.8
2011-Q34.6
2011-Q25.3
2011-Q14.5
2010-Q44
2010-Q31.5
2010-Q21.7
2010-Q12
2009-Q42
2009-Q31.7
2009-Q21.9
2009-Q13
2008-Q43.4
2008-Q35.1
2008-Q24
2008-Q13.4
2007-Q43.2
2007-Q31.8
2007-Q22
2007-Q12.5
2006-Q42.6
2006-Q33.5
2006-Q24
2006-Q13.3
2005-Q43.2
2005-Q33.4
2005-Q22.8
2005-Q12.8
2004-Q42.7
2004-Q32.5
2004-Q22.4
2004-Q11.5
2003-Q41.6
2003-Q31.5
2003-Q21.5
2003-Q12.5
2002-Q42.7
2002-Q32.6
2002-Q22.8
2002-Q12.6
2001-Q41.8
2001-Q32.4
2001-Q23.2
2001-Q13.1
2000-Q44
2000-Q33
2000-Q22
2000-Q11.5
1999-Q40.5
1999-Q3-0.5
1999-Q2-0.4
1999-Q1-0.1
1998-Q40.4
1998-Q31.7
1998-Q21.7
1998-Q11.3
1997-Q40.8
1997-Q31
1997-Q21.1
1997-Q11.8
1996-Q42.6
1996-Q32.4
1996-Q22
1996-Q12.2
1995-Q42.9
1995-Q33.5
1995-Q24.6
1995-Q14
1994-Q42.8
1994-Q31.8
1994-Q21.1
1994-Q11.3
1993-Q41.4
1993-Q31.5
1993-Q21.3
1993-Q11
1992-Q41.3
1992-Q31
1992-Q21
1992-Q10.8
1991-Q41
1991-Q32.2
1991-Q22.8
1991-Q14.5
1990-Q44.9
1990-Q35
1990-Q27.6
1990-Q17
1989-Q47.2
1989-Q37.2
1989-Q24.4
1989-Q14
1988-Q44.7
1988-Q35.6
1988-Q26.3
1988-Q19
1987-Q49.6
1987-Q316.9
1987-Q218.9
1987-Q118.3
1986-Q418.2
1986-Q311
1986-Q210.4
1986-Q113
1985-Q415.3
1985-Q316.3
1985-Q216.6
1985-Q113.4
1984-Q49.4
1984-Q37
1984-Q24.7
1984-Q13.5
1983-Q43.6
1983-Q35.4
1983-Q28.3
1983-Q112.6
1982-Q415.3
1982-Q316.6
1982-Q217
1982-Q115.8
1981-Q415.7
1981-Q315.4
1981-Q215.1
1981-Q115.2
1980-Q416.1
1980-Q316.3
1980-Q217.9
1980-Q118.4
1979-Q416.5
1979-Q315.2
1979-Q212.4
1979-Q110.4
1978-Q410.1
1978-Q311.1
1978-Q212.3
1978-Q114.6
1977-Q415.3
1977-Q314.4
1977-Q214
1977-Q113.7
1976-Q415.6
1976-Q317.2
1976-Q217.7
1976-Q117.2
1975-Q415.7
1975-Q314.8
1975-Q214.9
1975-Q113.2
1974-Q412.6
1974-Q311.5
1974-Q210
1974-Q110.3
1973-Q410.2
1973-Q38.9
1973-Q27.6
1973-Q16
1972-Q45.5
1972-Q36.5
1972-Q27.4
1972-Q18.5
1971-Q49.1
1971-Q311.1
1971-Q211
1971-Q110.3
1970-Q410
1970-Q36.1
1970-Q25.2
1970-Q14.8
1969-Q44
1969-Q35.1
1969-Q25.2
1969-Q15.5
1968-Q45.1
1968-Q33.6
1968-Q23.6
1968-Q15
1967-Q46.6
1967-Q37
1967-Q26.4
1967-Q14.2
1966-Q42.4
1966-Q32.6
1966-Q23.3
1966-Q12.8
1965-Q42.4
1965-Q33.4
1965-Q23.6
1965-Q14.3
1964-Q44.5
1964-Q33.8
1964-Q23
1964-Q12.5
1963-Q42.2
1963-Q31.9
1963-Q21.9
1963-Q11.8
1962-Q42.1
1962-Q32.5
1962-Q23.3
1962-Q12.9
1961-Q42.1
1961-Q32.1
1961-Q21.4
1961-Q11.6
1960-Q41.6
1960-Q30.3
1960-Q20.4
1960-Q10.5
1959-Q41.1
1959-Q32.1
1959-Q25.7
1959-Q16.5
1958-Q46.5
1958-Q36.3
1958-Q22.3
1958-Q12.7
1957-Q41.8
1957-Q31.3
1957-Q22.8
1957-Q12.8
1956-Q44.6
1956-Q34.6
1956-Q22.6
1956-Q12.2
1955-Q42.5
1955-Q32.3
1955-Q22.3
1955-Q13
1954-Q42.4
1954-Q34.9
1954-Q25.9
1954-Q15.4
1953-Q45.6
1953-Q34.1
1953-Q24.1
1953-Q14.3
1952-Q44.6
1952-Q36.4
1952-Q28.6
1952-Q111.8
1951-Q411.9
1951-Q311
1951-Q211.1
1951-Q19.9

Definition

Percentage change of the general CPI with respect to the same month of the previous year. New Zealand publishes its CPI quarterly, so its values compare a quarter with the same quarter of the previous year.

Each country is served from its national CPI. For EU comparisons use hicp_annual_rate.

How to cite

Source: Stats NZ and licensed by Stats NZ for reuse under the Creative Commons Attribution 4.0 International licence. Consumers price index, all groups for New Zealand: annual change calculated from the published quarterly index (series CPIQ.SE9A). https://www.stats.govt.nz/information-releases/consumers-price-index-june-2026-quarter/. Retrieved 2026-10-11. Where a value is marked as calculated by Invokely, this work is based on Stats NZ data, which are licensed by Stats NZ for reuse under the same licence.

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Questions

What is the inflation rate in New Zealand?

Inflation (CPI annual change) in New Zealand was 4.1% in Q2 2026, according to Stats NZ. That is up 1.4 pts from Q2 2025.

Where does this figure come from?

Stats NZ Tatauranga Aotearoa. Consumers price index, all groups for New Zealand: annual change calculated from the published quarterly index (series CPIQ.SE9A). Retrieved by Invokely on 2026-10-11.

What was the highest inflation rate in New Zealand?

18.9% in Q2 1987, the highest value since Q1 1951 in this series.

Inflation (CPI annual change) in other countries

Related statistics for New Zealand

All statistics for New Zealand