New Zealand Inflation Rate 1960-2021

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • New Zealand inflation rate for 2020 was 1.71%, a 0.1% increase from 2019.
  • New Zealand inflation rate for 2019 was 1.62%, a 0.02% increase from 2018.
  • New Zealand inflation rate for 2018 was 1.60%, a 0.25% decline from 2017.
  • New Zealand inflation rate for 2017 was 1.85%, a 1.2% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 9.76%
Saudi Arabia 3.45%
Poland 3.37%
Hungary 3.33%
Czech Republic 3.16%
Chile 3.05%
Iceland 2.85%
Brunei 1.94%
Slovak Republic 1.94%
New Zealand 1.71%
Austria 1.38%
Norway 1.29%
Netherlands 1.27%
United States 1.23%
Lithuania 1.20%
United Kingdom 0.99%
Australia 0.85%
Luxembourg 0.82%
Belgium 0.74%
Canada 0.72%
Malta 0.64%
Trinidad and Tobago 0.60%
South Korea 0.54%
Germany 0.51%
Sweden 0.50%
France 0.48%
Denmark 0.42%
Hong Kong 0.33%
Latvia 0.22%
Bahamas 0.04%
Portugal -0.01%
Japan -0.02%
Slovenia -0.05%
Italy -0.14%
Singapore -0.18%
Spain -0.32%
Ireland -0.33%
Estonia -0.44%
Israel -0.59%
Cyprus -0.64%
Switzerland -0.73%
Oman -0.90%
Greece -1.25%
Panama -1.55%
UAE -2.08%
Bahrain -2.32%
Qatar -2.54%
New Zealand Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 1.71% 0.10%
2019 1.62% 0.02%
2018 1.60% -0.25%
2017 1.85% 1.20%
2016 0.65% 0.35%
2015 0.29% -0.93%
2014 1.23% 0.09%
2013 1.13% 0.07%
2012 1.06% -2.97%
2011 4.03% 1.73%
2010 2.30% 0.19%
2009 2.12% -1.84%
2008 3.96% 1.58%
2007 2.38% -0.99%
2006 3.37% 0.33%
2005 3.04% 0.75%
2004 2.29% 0.54%
2003 1.75% -0.92%
2002 2.68% 0.05%
2001 2.63% 0.01%
2000 2.62% 2.73%
1999 -0.11% -1.38%
1998 1.27% 0.08%
1997 1.19% -1.10%
1996 2.29% -1.47%
1995 3.75% 2.01%
1994 1.75% 0.46%
1993 1.29% 0.27%
1992 1.01% -1.59%
1991 2.60% -3.50%
1990 6.10% 0.38%
1989 5.72% -0.66%
1988 6.38% -9.37%
1987 15.74% 2.53%
1986 13.21% -2.20%
1985 15.42% 9.25%
1984 6.17% -1.17%
1983 7.34% -8.82%
1982 16.16% 0.79%
1981 15.37% -1.78%
1980 17.15% 3.45%
1979 13.70% 1.74%
1978 11.96% -2.43%
1977 14.38% -2.52%
1976 16.91% 2.22%
1975 14.69% 3.58%
1974 11.11% 2.94%
1973 8.17% 1.23%
1972 6.93% -3.45%
1971 10.39% 3.87%
1970 6.52% 1.59%
1969 4.93% 0.61%
1968 4.31% -1.75%
1967 6.06% 3.30%
1966 2.76% -0.64%
1965 3.40% -0.08%
1964 3.47% 1.51%
1963 1.97% -0.71%
1962 2.68% 0.88%
1961 1.80% 1.10%
1960 0.70% 1.10%