# Inflation (CPI annual change) in New Zealand

Inflation (CPI annual change) in New Zealand was 4.1% in Q2 2026. Source: Stats NZ Tatauranga Aotearoa.

- Indicator id: `cpi_annual_change`
- Place id: `nz`
- Unit: %
- 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.
- Note: Each country is served from its national CPI. For EU comparisons use hicp_annual_rate.
- Source: Stats NZ Tatauranga Aotearoa, 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
- License: Creative Commons Attribution 4.0 International (Crown copyright; attribution to Stats NZ required, changes indicated)
- Citation: 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.
- Web page: https://invokely.ai/en/inflation/new-zealand
- API: https://invokely.ai/api/v1/series?indicator=cpi_annual_change&place=nz

| Period | % |
|---|---:|
| 2026-Q2 | 4.1 |
| 2026-Q1 | 3.1 |
| 2025-Q4 | 3.1 |
| 2025-Q3 | 3 |
| 2025-Q2 | 2.7 |
| 2025-Q1 | 2.5 |
| 2024-Q4 | 2.2 |
| 2024-Q3 | 2.2 |
| 2024-Q2 | 3.3 |
| 2024-Q1 | 4 |
| 2023-Q4 | 4.7 |
| 2023-Q3 | 5.6 |
| 2023-Q2 | 6 |
| 2023-Q1 | 6.7 |
| 2022-Q4 | 7.2 |
| 2022-Q3 | 7.2 |
| 2022-Q2 | 7.3 |
| 2022-Q1 | 6.9 |
| 2021-Q4 | 5.9 |
| 2021-Q3 | 4.9 |
| 2021-Q2 | 3.3 |
| 2021-Q1 | 1.5 |
| 2020-Q4 | 1.4 |
| 2020-Q3 | 1.4 |
| 2020-Q2 | 1.5 |
| 2020-Q1 | 2.5 |
| 2019-Q4 | 1.9 |
| 2019-Q3 | 1.5 |
| 2019-Q2 | 1.7 |
| 2019-Q1 | 1.5 |
| 2018-Q4 | 1.9 |
| 2018-Q3 | 1.9 |
| 2018-Q2 | 1.5 |
| 2018-Q1 | 1.1 |
| 2017-Q4 | 1.6 |
| 2017-Q3 | 1.9 |
| 2017-Q2 | 1.7 |
| 2017-Q1 | 2.2 |
| 2016-Q4 | 1.3 |
| 2016-Q3 | 0.4 |
| 2016-Q2 | 0.4 |
| 2016-Q1 | 0.4 |
| 2015-Q4 | 0.1 |
| 2015-Q3 | 0.4 |
| 2015-Q2 | 0.4 |
| 2015-Q1 | 0.3 |
| 2014-Q4 | 0.8 |
| 2014-Q3 | 1 |
| 2014-Q2 | 1.6 |
| 2014-Q1 | 1.5 |
| 2013-Q4 | 1.6 |
| 2013-Q3 | 1.4 |
| 2013-Q2 | 0.7 |
| 2013-Q1 | 0.9 |
| 2012-Q4 | 0.9 |
| 2012-Q3 | 0.8 |
| 2012-Q2 | 1 |
| 2012-Q1 | 1.6 |
| 2011-Q4 | 1.8 |
| 2011-Q3 | 4.6 |
| 2011-Q2 | 5.3 |
| 2011-Q1 | 4.5 |
| 2010-Q4 | 4 |
| 2010-Q3 | 1.5 |
| 2010-Q2 | 1.7 |
| 2010-Q1 | 2 |
| 2009-Q4 | 2 |
| 2009-Q3 | 1.7 |
| 2009-Q2 | 1.9 |
| 2009-Q1 | 3 |
| 2008-Q4 | 3.4 |
| 2008-Q3 | 5.1 |
| 2008-Q2 | 4 |
| 2008-Q1 | 3.4 |
| 2007-Q4 | 3.2 |
| 2007-Q3 | 1.8 |
| 2007-Q2 | 2 |
| 2007-Q1 | 2.5 |
| 2006-Q4 | 2.6 |
| 2006-Q3 | 3.5 |
| 2006-Q2 | 4 |
| 2006-Q1 | 3.3 |
| 2005-Q4 | 3.2 |
| 2005-Q3 | 3.4 |
| 2005-Q2 | 2.8 |
| 2005-Q1 | 2.8 |
| 2004-Q4 | 2.7 |
| 2004-Q3 | 2.5 |
| 2004-Q2 | 2.4 |
| 2004-Q1 | 1.5 |
| 2003-Q4 | 1.6 |
| 2003-Q3 | 1.5 |
| 2003-Q2 | 1.5 |
| 2003-Q1 | 2.5 |
| 2002-Q4 | 2.7 |
| 2002-Q3 | 2.6 |
| 2002-Q2 | 2.8 |
| 2002-Q1 | 2.6 |
| 2001-Q4 | 1.8 |
| 2001-Q3 | 2.4 |
| 2001-Q2 | 3.2 |
| 2001-Q1 | 3.1 |
| 2000-Q4 | 4 |
| 2000-Q3 | 3 |
| 2000-Q2 | 2 |
| 2000-Q1 | 1.5 |
| 1999-Q4 | 0.5 |
| 1999-Q3 | -0.5 |
| 1999-Q2 | -0.4 |
| 1999-Q1 | -0.1 |
| 1998-Q4 | 0.4 |
| 1998-Q3 | 1.7 |
| 1998-Q2 | 1.7 |
| 1998-Q1 | 1.3 |
| 1997-Q4 | 0.8 |
| 1997-Q3 | 1 |
| 1997-Q2 | 1.1 |
| 1997-Q1 | 1.8 |
| 1996-Q4 | 2.6 |
| 1996-Q3 | 2.4 |
| 1996-Q2 | 2 |
| 1996-Q1 | 2.2 |
| 1995-Q4 | 2.9 |
| 1995-Q3 | 3.5 |
| 1995-Q2 | 4.6 |
| 1995-Q1 | 4 |
| 1994-Q4 | 2.8 |
| 1994-Q3 | 1.8 |
| 1994-Q2 | 1.1 |
| 1994-Q1 | 1.3 |
| 1993-Q4 | 1.4 |
| 1993-Q3 | 1.5 |
| 1993-Q2 | 1.3 |
| 1993-Q1 | 1 |
| 1992-Q4 | 1.3 |
| 1992-Q3 | 1 |
| 1992-Q2 | 1 |
| 1992-Q1 | 0.8 |
| 1991-Q4 | 1 |
| 1991-Q3 | 2.2 |
| 1991-Q2 | 2.8 |
| 1991-Q1 | 4.5 |
| 1990-Q4 | 4.9 |
| 1990-Q3 | 5 |
| 1990-Q2 | 7.6 |
| 1990-Q1 | 7 |
| 1989-Q4 | 7.2 |
| 1989-Q3 | 7.2 |
| 1989-Q2 | 4.4 |
| 1989-Q1 | 4 |
| 1988-Q4 | 4.7 |
| 1988-Q3 | 5.6 |
| 1988-Q2 | 6.3 |
| 1988-Q1 | 9 |
| 1987-Q4 | 9.6 |
| 1987-Q3 | 16.9 |
| 1987-Q2 | 18.9 |
| 1987-Q1 | 18.3 |
| 1986-Q4 | 18.2 |
| 1986-Q3 | 11 |
| 1986-Q2 | 10.4 |
| 1986-Q1 | 13 |
| 1985-Q4 | 15.3 |
| 1985-Q3 | 16.3 |
| 1985-Q2 | 16.6 |
| 1985-Q1 | 13.4 |
| 1984-Q4 | 9.4 |
| 1984-Q3 | 7 |
| 1984-Q2 | 4.7 |
| 1984-Q1 | 3.5 |
| 1983-Q4 | 3.6 |
| 1983-Q3 | 5.4 |
| 1983-Q2 | 8.3 |
| 1983-Q1 | 12.6 |
| 1982-Q4 | 15.3 |
| 1982-Q3 | 16.6 |
| 1982-Q2 | 17 |
| 1982-Q1 | 15.8 |
| 1981-Q4 | 15.7 |
| 1981-Q3 | 15.4 |
| 1981-Q2 | 15.1 |
| 1981-Q1 | 15.2 |
| 1980-Q4 | 16.1 |
| 1980-Q3 | 16.3 |
| 1980-Q2 | 17.9 |
| 1980-Q1 | 18.4 |
| 1979-Q4 | 16.5 |
| 1979-Q3 | 15.2 |
| 1979-Q2 | 12.4 |
| 1979-Q1 | 10.4 |
| 1978-Q4 | 10.1 |
| 1978-Q3 | 11.1 |
| 1978-Q2 | 12.3 |
| 1978-Q1 | 14.6 |
| 1977-Q4 | 15.3 |
| 1977-Q3 | 14.4 |
| 1977-Q2 | 14 |
| 1977-Q1 | 13.7 |
| 1976-Q4 | 15.6 |
| 1976-Q3 | 17.2 |
| 1976-Q2 | 17.7 |
| 1976-Q1 | 17.2 |
| 1975-Q4 | 15.7 |
| 1975-Q3 | 14.8 |
| 1975-Q2 | 14.9 |
| 1975-Q1 | 13.2 |
| 1974-Q4 | 12.6 |
| 1974-Q3 | 11.5 |
| 1974-Q2 | 10 |
| 1974-Q1 | 10.3 |
| 1973-Q4 | 10.2 |
| 1973-Q3 | 8.9 |
| 1973-Q2 | 7.6 |
| 1973-Q1 | 6 |
| 1972-Q4 | 5.5 |
| 1972-Q3 | 6.5 |
| 1972-Q2 | 7.4 |
| 1972-Q1 | 8.5 |
| 1971-Q4 | 9.1 |
| 1971-Q3 | 11.1 |
| 1971-Q2 | 11 |
| 1971-Q1 | 10.3 |
| 1970-Q4 | 10 |
| 1970-Q3 | 6.1 |
| 1970-Q2 | 5.2 |
| 1970-Q1 | 4.8 |
| 1969-Q4 | 4 |
| 1969-Q3 | 5.1 |
| 1969-Q2 | 5.2 |
| 1969-Q1 | 5.5 |
| 1968-Q4 | 5.1 |
| 1968-Q3 | 3.6 |
| 1968-Q2 | 3.6 |
| 1968-Q1 | 5 |
| 1967-Q4 | 6.6 |
| 1967-Q3 | 7 |
| 1967-Q2 | 6.4 |
| 1967-Q1 | 4.2 |
| 1966-Q4 | 2.4 |
| 1966-Q3 | 2.6 |
| 1966-Q2 | 3.3 |
| 1966-Q1 | 2.8 |
| 1965-Q4 | 2.4 |
| 1965-Q3 | 3.4 |
| 1965-Q2 | 3.6 |
| 1965-Q1 | 4.3 |
| 1964-Q4 | 4.5 |
| 1964-Q3 | 3.8 |
| 1964-Q2 | 3 |
| 1964-Q1 | 2.5 |
| 1963-Q4 | 2.2 |
| 1963-Q3 | 1.9 |
| 1963-Q2 | 1.9 |
| 1963-Q1 | 1.8 |
| 1962-Q4 | 2.1 |
| 1962-Q3 | 2.5 |
| 1962-Q2 | 3.3 |
| 1962-Q1 | 2.9 |
| 1961-Q4 | 2.1 |
| 1961-Q3 | 2.1 |
| 1961-Q2 | 1.4 |
| 1961-Q1 | 1.6 |
| 1960-Q4 | 1.6 |
| 1960-Q3 | 0.3 |
| 1960-Q2 | 0.4 |
| 1960-Q1 | 0.5 |
| 1959-Q4 | 1.1 |
| 1959-Q3 | 2.1 |
| 1959-Q2 | 5.7 |
| 1959-Q1 | 6.5 |
| 1958-Q4 | 6.5 |
| 1958-Q3 | 6.3 |
| 1958-Q2 | 2.3 |
| 1958-Q1 | 2.7 |
| 1957-Q4 | 1.8 |
| 1957-Q3 | 1.3 |
| 1957-Q2 | 2.8 |
| 1957-Q1 | 2.8 |
| 1956-Q4 | 4.6 |
| 1956-Q3 | 4.6 |
| 1956-Q2 | 2.6 |
| 1956-Q1 | 2.2 |
| 1955-Q4 | 2.5 |
| 1955-Q3 | 2.3 |
| 1955-Q2 | 2.3 |
| 1955-Q1 | 3 |
| 1954-Q4 | 2.4 |
| 1954-Q3 | 4.9 |
| 1954-Q2 | 5.9 |
| 1954-Q1 | 5.4 |
| 1953-Q4 | 5.6 |
| 1953-Q3 | 4.1 |
| 1953-Q2 | 4.1 |
| 1953-Q1 | 4.3 |
| 1952-Q4 | 4.6 |
| 1952-Q3 | 6.4 |
| 1952-Q2 | 8.6 |
| 1952-Q1 | 11.8 |
| 1951-Q4 | 11.9 |
| 1951-Q3 | 11 |
| 1951-Q2 | 11.1 |
| 1951-Q1 | 9.9 |