New Zealand Inflation Rate

Last Release

Jun 30, 2025

Actual

2.7

Units In

2.5

Frequency

Quarterly

Next Release

Oct 19, 2025

Time to Release

2 Months 28 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
44 Sep 1918	-15.3 Mar 1923	4.61 %	1918-2025	Statistics New Zealand

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.

Latest Updates

New Zealand’s annual inflation rate edged up to 2.7% in the second quarter of 2025, from 2.5% in the previous quarter, but remained just below market expectations of 2.8%. Key drivers of the annual increase included local authority rates and payments, which rose 3.2% and contributed 12.9% to the overall rise. Rents and electricity prices also climbed by 3.2% and 8.4%, contributing 12.5% and 8.4%, respectively. These gains were partially offset by significant declines in petrol and early childhood education costs. Petrol prices dropped 8%, subtracting 12.8% from the index, while early childhood education fell 22.8%, contributing -4.7%. The latter reflects the impact of the FamilyBoost childcare payment introduced on July 1, 2024. On a quarterly basis, the Consumer Price Index rose 0.5% in the June quarter, slowing from a 0.9% increase in Q1 and missing forecasts of a 0.6% rise.