New Zealand Inflation Rate stands at 4.06% as of June 2026, up from 2.67% a year earlier. The reading sits in the 63rd percentile of its history back to 1915.
| Latest (June 2026) | 4.06% |
| One year ago | 2.67% |
| 10-year range | 0.42% – 7.30% |
| All-time range | -100.00% (1915) – 18.94% (1987) |
| Change over 12 months | +1.4 pts |
| Percentile vs. full history | 63rd |
| History | 1915–2026 (1252 observations) |
The chart shows the year-over-year change in New Zealand's consumer price index — the broadest measure of how fast prices are rising for households. Inflation running above a central bank's comfort zone (typically around 2% in developed markets, higher in emerging ones) pressures policymakers to keep rates tight; falling inflation opens the door to easing. For investors, the direction of inflation often matters more than the level: accelerating inflation compresses valuations and forces tightening, while disinflation has historically been a tailwind for both bonds and equities. Data: consumer price index via the IMF, compiled from New Zealand's national statistics office. New Zealand publishes CPI quarterly; the chart uses the quarterly index.
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<a href="https://www.tacticalassetallocation.com/charts/new-zealand-inflation-rate/">New Zealand Inflation Rate — Cambria Chart Lab</a>
Data: download CSV (source: IMF Consumer Price Index statistics).