New Zealand Inflation Rate
2.8%▼ −0.08 pt
Dec 2025 · Annual
New Zealand's annual inflation rate eased to 2.84% in 2025 from 2.92% in 2024, marking the lowest reading since 2021. The rate remains well below the 2022 peak of 7.17% and far from the all-time high of 17.15% recorded in 1980.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.8% | 2.9% | 17.2%Dec 1980 | -0.1%Dec 1999 | 1960 – 2025 | Annual |
About this series
Inflation Rate in New Zealand averaged 2.5% from 1960 until 2025, reaching an all-time high of 17.2% in Dec 1980 and a record low of -0.1% in Dec 1999. The series is reported yearly with history from 1960.
The inflation rate (CPI) measures the annual change in the cost of a basket of goods and services in New Zealand. It is reported as a percentage and compiled on an annual basis. Data are available from 1960.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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