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New Zealand Inflation Rate

New Zealand’s consumer prices increased by 2.2 percent year-on-year in the first quarter of 2017, up from a 1.3 percent gain in the previous period and above market expectations of 2 percent. It was the highest inflation rate since the third quarter of 2011, and was mainly explained by the food group, which rose 1.6 percent following a 0.6 percent upswing in the previous quarter; and by the transport component, which increased by 3.5 percent after a 1.0 percent decline. On a quarterly basis, consumer prices rose 1.0 percent following a 0.4 percent increase. Inflation Rate in New Zealand averaged 4.72 percent from 1918 until 2017, reaching an all time high of 44 percent in the third quarter of 1918 and a record low of -15.30 percent in the first quarter of 1923. In New Zealand, the most important category in the consumer price index is Housing and Utilities (24.2 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18.8 percent; Transport for 15 percent; Recreation and Culture for 9.4 percent; Miscellaneous Goods and Services for 7.4 percent and Alcoholic beverages and Tobacco for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Health; Communication and Education account for the remaining 18.2 percent of total weight. This page provides – New Zealand Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.