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New Zealand CPI Inflation 2026: Interactive Chart & Historical Data

CPI Inflation in New Zealand stood at 2.8% YoY in 2025, according to IMF. The latest value is down 0.1 percentage points from 2.9% YoY in 2024. Ten years earlier, in 2015, the value was 0.3% YoY (up 2.5 percentage points since). The highest value since 1980 was 17.1% YoY in 1980, the lowest -0.1% YoY in 1999. New Zealand ranked 27th highest of the 52 countries in this dataset in 2025; Argentina ranked first.

Data source: IMF · Unit: % YoY · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1980–2031
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What is CPI Inflation?

CPI Inflation, measured in % YoY, tracks changes in the price level of goods and services in New Zealand. It serves as a primary gauge of purchasing power and cost of living, directly affecting consumer budgets, wage negotiations, and central bank interest rate decisions. Economists distinguish between "headline" inflation (all items) and "core" inflation (excluding volatile food and energy prices) to better understand underlying price trends. In New Zealand, this metric is calculated by statistical agencies through regular surveys of thousands of retail prices across urban and rural areas. The resulting index allows comparisons over time: a value of 120 compared to a base of 100 means prices have risen 20% since the base period. Policymakers typically target a modest positive inflation rate (often around 2%) rather than zero, believing this encourages spending and investment while providing a buffer against deflation.

Key facts

What is the latest CPI Inflation in New Zealand?

CPI Inflation in New Zealand stood at 2.8% YoY in 2025, according to IMF.

Is CPI Inflation in New Zealand rising or falling?

The latest value is down 0.1 percentage points from 2.9% YoY in 2024. Ten years earlier, in 2015, the value was 0.3% YoY (up 2.5 percentage points since).

How does New Zealand rank for CPI Inflation?

New Zealand ranked 27th highest of the 52 countries in this dataset in 2025; Argentina ranked first.

What is the highest CPI Inflation on record in New Zealand?

The highest value since 1980 was 17.1% YoY in 1980, the lowest -0.1% YoY in 1999.

Metadata for CPI Inflation in New Zealand
IndicatorCPI Inflation
CountryNew Zealand
CategoryMacroeconomics
Unit% YoY
SourceIMF
Interactive chartView on EconDash
API accessEconDash API documentation

Current rate: 2.8% YoY (2025)

IMF projection for 2026: 4.1% YoY

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Source:International Monetary Fund via IMF — series PCPIPCH
License:IMF Copyright and Usage
Cite this chart
APA

International Monetary Fund. (2026). CPI Inflation — New Zealand [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/cpi-inflation/NZL. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD

MLA

International Monetary Fund. "CPI Inflation — New Zealand." EconDash, 2026, https://econdash.org/chart/cpi-inflation/NZL. Accessed 13 Nov. 2026. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD.

Chicago

International Monetary Fund. 2026. "CPI Inflation — New Zealand." EconDash. Accessed November 13, 2026. https://econdash.org/chart/cpi-inflation/NZL. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD.

BibTeX
@misc{econdash_cpi_inflation_nzl,
  author = {{International Monetary Fund}},
  title = {{CPI Inflation --- New Zealand}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/cpi-inflation/NZL},
  note = {Accessed: 2026-11-13. Original source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD}
}