New Zealand Consumer Price Index CPI Growth
1915 - 2023 | Quarterly | % | CEIC Data
Key information about New Zealand Consumer Price Index CPI growth
- New Zealand Consumer Price Index (CPI) growth was measured at 6.7 % YoY in Mar 2023, compared with a rate of 7.2 % in the previous quarter.
- New Zealand Consumer Price Index growth data is updated quarterly, available from Jun 1915 to Mar 2023, with an averaged number of 2.8 % YoY.
- The data reached an all-time high of 18.9 % YoY in Jun 1987 and a record low of -100.0 % YoY in Jun 1915.
CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Statistics New Zealand provides Consumer Price Index with base June 2017=1000. [COVID-19-IMPACT]
View New Zealand's Consumer Price Index CPI Growth from Jun 1915 to Mar 2023 in the chart:
What was New Zealand's Consumer Price Index CPI Growth in Mar 2023?
New Zealand Consumer Price Index (CPI) growth was measured at 6.7 % YoY in Mar 2023, compared with a rate of 7.2 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.7 Mar 2023 | 7.2 Dec 2022 | -100.0 Jun 1915 | 18.9 Jun 1987 | % | quarterly | Jun 1915 - Mar 2023 |
Consumer Price Index CPI Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.2 Jul 2023 | monthly | Jan 1992 - Jul 2023 |
| Algeria (%) | 4.2 Oct 2024 | monthly | Jan 1975 - Oct 2024 |
| Argentina (%) | 193.0 Oct 2024 | monthly | Dec 2017 - Oct 2024 |
| Armenia (%) | 0.6 Oct 2024 | monthly | Dec 1993 - Oct 2024 |
| Australia (%) | 2.9 Sep 2024 | quarterly | Dec 1987 - Sep 2024 |
| Austria (%) | 1.9 Nov 2024 | monthly | Jan 1949 - Nov 2024 |
| Azerbaijan (%) | 9.4 Jul 2023 | monthly | Jan 1992 - Jul 2023 |
| Bahrain (%) | 0.4 Jun 2023 | monthly | Aug 2008 - Jun 2023 |
| Bangladesh (%) | 9.3 Mar 2023 | monthly | Jul 1994 - Mar 2023 |
| Belarus (%) | 3.5 May 2023 | monthly | Jan 1992 - May 2023 |
| Belgium (%) | 5.6 Apr 2023 | monthly | Jan 1921 - Apr 2023 |
| Bolivia (%) | 7.9 Oct 2024 | monthly | Jan 1938 - Oct 2024 |
| Bosnia and Herzegovina (%) | 10.3 Mar 2023 | monthly | Jan 2006 - Mar 2023 |
| Botswana (%) | 1.7 Nov 2024 | monthly | Jun 1975 - Nov 2024 |
| Brazil (%) | 4.8 Oct 2024 | monthly | Dec 1980 - Oct 2024 |
| Brunei (%) | 0.8 May 2023 | monthly | Jan 2001 - May 2023 |
| Bulgaria (%) | 1.8 Oct 2024 | monthly | May 1991 - Oct 2024 |
| Cambodia (%) | 0.8 Sep 2024 | monthly | Oct 1995 - Sep 2024 |
| Canada (%) | 2.0 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| Chile (%) | 6.5 Jul 2023 | monthly | Jan 1971 - Jul 2023 |
| China (%) | 0.3 Oct 2024 | monthly | Jan 1985 - Oct 2024 |
| Colombia (%) | 5.2 Nov 2024 | monthly | Jul 1955 - Nov 2024 |
| Croatia (%) | 2.7 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
| Cyprus (%) | 1.5 Jul 2023 | monthly | Jan 1958 - Jul 2023 |
| Czech Republic (%) | 8.8 Jul 2023 | monthly | Jan 1994 - Jul 2023 |
| Denmark (%) | 3.1 Jul 2023 | monthly | Jan 1968 - Jul 2023 |
| Ecuador (%) | 2.1 Jul 2023 | monthly | Jan 1958 - Jul 2023 |
| Egypt (%) | 26.5 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Estonia (%) | 4.1 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| European Union (%) | 2.3 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
| Finland (%) | 6.5 Jul 2023 | monthly | Jan 1980 - Jul 2023 |
| France (%) | 1.3 Nov 2024 | monthly | Jan 1991 - Nov 2024 |
| Georgia (%) | 0.3 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Germany (%) | 2.3 Nov 2024 | monthly | Jun 1949 - Nov 2024 |
| Ghana (%) | 23.0 Nov 2024 | monthly | Mar 1964 - Nov 2024 |
| Greece (%) | 2.4 Oct 2024 | monthly | Jan 1956 - Oct 2024 |
| Hong Kong SAR, China (%) | 1.4 Oct 2024 | monthly | Oct 2000 - Oct 2024 |
| Hungary (%) | 3.2 Oct 2024 | monthly | Jan 1977 - Oct 2024 |
| Iceland (%) | 5.1 Oct 2024 | monthly | Jan 1977 - Oct 2024 |
| India (%) | 5.5 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Indonesia (%) | 3.1 Jul 2023 | monthly | Jan 1969 - Jul 2023 |
| Iran (%) | 31.2 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Ireland (%) | 0.7 Sep 2024 | monthly | Nov 1976 - Sep 2024 |
| Israel (%) | 3.4 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| Italy (%) | 1.3 Nov 2024 | monthly | Jan 1956 - Nov 2024 |
| Ivory Coast (%) | 2.6 Oct 2024 | monthly | Jan 1961 - Oct 2024 |
| Japan (%) | 2.2 Oct 2024 | monthly | Jan 1996 - Oct 2024 |
| Jordan (%) | 0.9 Jul 2023 | monthly | Jan 1999 - Jul 2023 |
| Kazakhstan (%) | 14.0 Jul 2023 | monthly | Jan 1994 - Jul 2023 |
| Kenya (%) | 2.8 Nov 2024 | monthly | Mar 1963 - Nov 2024 |
| South Korea (%) | 2.3 Jul 2023 | monthly | Aug 1952 - Jul 2023 |
| Kosovo (%) | 0.7 Nov 2024 | monthly | May 2003 - Nov 2024 |
| Kuwait (%) | 2.4 Oct 2024 | monthly | Jul 1992 - Oct 2024 |
| Kyrgyzstan (%) | 4.8 Oct 2024 | monthly | Jan 1996 - Oct 2024 |
| Laos (%) | 20.7 Oct 2024 | monthly | May 1994 - Oct 2024 |
| Latvia (%) | 2.0 Oct 2024 | monthly | Jan 1992 - Oct 2024 |
| Lebanon (%) | 268.8 Apr 2023 | monthly | Dec 2008 - Apr 2023 |
| Lithuania (%) | 7.4 Jul 2023 | monthly | Dec 1991 - Jul 2023 |
| Luxembourg (%) | 1.0 Oct 2024 | monthly | Jan 1956 - Oct 2024 |
| Macau SAR, China (%) | 0.3 Oct 2024 | monthly | Jan 1989 - Oct 2024 |
| North Macedonia (%) | 3.5 Oct 2024 | monthly | Jan 1994 - Oct 2024 |
| Malawi (%) | 32.4 Oct 2024 | monthly | Jan 1981 - Oct 2024 |
| Malaysia (%) | 1.9 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Malta (%) | 2.1 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Mauritius (%) | 3.4 Nov 2024 | monthly | Jul 1963 - Nov 2024 |
| Mexico (%) | 4.8 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Moldova (%) | 10.8 Jul 2023 | monthly | Jan 1992 - Jul 2023 |
| Mongolia (%) | 7.0 Oct 2024 | monthly | Oct 1992 - Oct 2024 |
| Montenegro (%) | 6.9 Jul 2023 | monthly | Jan 2008 - Jul 2023 |
| Morocco (%) | 0.7 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Mozambique (%) | 9.6 Apr 2023 | monthly | Dec 1996 - Apr 2023 |
| Myanmar (%) | 25.3 Mar 2024 | monthly | Oct 2008 - Mar 2024 |
| Nepal (%) | 5.6 Nov 2024 | monthly | Jul 1964 - Nov 2024 |
| Netherlands (%) | 3.5 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| New Zealand (%) | 6.7 Mar 2023 | quarterly | Jun 1915 - Mar 2023 |
| Nigeria (%) | 34.6 Nov 2024 | monthly | Jan 1961 - Nov 2024 |
| Norway (%) | 2.7 Oct 2024 | monthly | Jan 1986 - Oct 2024 |
| Oman (%) | 1.6 Mar 2023 | monthly | Jan 2002 - Mar 2023 |
| Pakistan (%) | 4.9 Nov 2024 | monthly | Jan 1958 - Nov 2024 |
| Palestinian Territory (%) | 3.9 May 2023 | monthly | Jan 1997 - May 2023 |
| Panama (%) | -0.3 Nov 2024 | monthly | Jul 1975 - Nov 2024 |
| Paraguay (%) | 3.4 Nov 2024 | monthly | Jan 1958 - Nov 2024 |
| Peru (%) | 2.1 Nov 2024 | monthly | Jan 1958 - Nov 2024 |
| Philippines (%) | 2.5 Nov 2024 | monthly | Jan 1958 - Nov 2024 |
| Poland (%) | 4.7 Nov 2024 | monthly | Jan 1989 - Nov 2024 |
| Portugal (%) | 2.3 Oct 2024 | monthly | Jan 1949 - Oct 2024 |
| Qatar (%) | 0.2 Jul 2024 | monthly | Mar 2015 - Jul 2024 |
| Romania (%) | 9.4 Jul 2023 | monthly | Oct 1991 - Jul 2023 |
| Russia (%) | 4.3 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Saudi Arabia (%) | 1.9 Oct 2024 | monthly | Feb 1981 - Oct 2024 |
| Serbia (%) | 12.5 Jul 2023 | monthly | Feb 1995 - Jul 2023 |
| Singapore (%) | 5.7 Apr 2023 | monthly | Jan 1962 - Apr 2023 |
| Slovakia (%) | 9.7 Jul 2023 | monthly | Jan 1992 - Jul 2023 |
| Slovenia (%) | 1.7 Nov 2024 | monthly | Jan 1981 - Nov 2024 |
| South Africa (%) | 6.8 Apr 2023 | monthly | Jan 1958 - Apr 2023 |
| Spain (%) | 2.4 Nov 2024 | monthly | Mar 1955 - Nov 2024 |
| Sri Lanka (%) | -0.7 Oct 2024 | monthly | Jan 1960 - Oct 2024 |
| Sudan (%) | 63.3 Feb 2023 | monthly | Jan 1958 - Feb 2023 |
| Sweden (%) | 9.3 Jul 2023 | monthly | Jan 1956 - Jul 2023 |
| Switzerland (%) | -0.5 Jan 2021 | monthly | Jan 1922 - Jan 2021 |
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Learn more about what we doNew Zealand Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | 5,246.112 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
| Tax Revenue: % of GDP (%) | 30.8 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 118,791.5 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Government Debt: % of GDP (%) | 42.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Forecast: Government Expenditure (NZD bn) | 194.423 2029 | yearly | 1985 - 2029 |
| Forecast: Government Net Debt (NZD bn) | 236.804 2029 | yearly | 1985 - 2029 |
| Forecast: Government Revenue (NZD bn) | 195.599 2029 | yearly | 1985 - 2029 |
| General Government: ytd: Revenue (NZD mn) | 41,681.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Expenses (NZD mn) | 45,813.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Borrowings (NZD mn) | 256,738.000 Sep 2024 | quarterly | Jun 2002 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.471 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -937.9 Oct 2024 | monthly | Jan 1960 - Oct 2024 |
| Total Exports (USD mn) | 3,503.6 Oct 2024 | monthly | Jan 1957 - Oct 2024 |
| Total Exports Growth (%) | 7.5 Oct 2024 | monthly | Jan 1952 - Oct 2024 |
| Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 133,163.766 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 279,372.038 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 4,441.4 Oct 2024 | monthly | Jan 1960 - Oct 2024 |
| Total Imports Growth (%) | 3.0 Oct 2024 | monthly | Jan 1961 - Oct 2024 |
| Imports: Medicament (USD th) | 1,071,353.476 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 469,470.056 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 430.326 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Total Imports from USA (USD mn) | 629.216 Oct 2024 | monthly | Jan 1981 - Oct 2024 |
| Total Exports to China (USD mn) | 914.051 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Total Imports from China (USD mn) | 790.551 Oct 2024 | monthly | Jul 1982 - Oct 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 80.077 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 639.855 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 258.405 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 3,423.543 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 425.812 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: Australia (NZD mn) | 784.447 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
| Exports: fob: United States (NZD mn) | 708.240 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: China (NZD mn) | 1,451.610 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: Japan (NZD mn) | 308.713 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: United Kingdom (NZD mn) | 111.276 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: Australia: sa (NZD mn) | 729.379 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: China: sa (NZD mn) | 1,504.364 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Money Supply M1 (USD mn) | 69,727.867 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Money Supply M2 (USD mn) | 249,335.593 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| M2 Growth (%) | 3.2 Oct 2024 | monthly | Mar 1989 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 20,224.0 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.764 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.6 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Gold Reserves (USD mn) | 0.000 Nov 2024 | monthly | Dec 1950 - Nov 2024 |
| Total Deposits (USD mn) | 274,155.429 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Total Deposits Growth (%) | 3.8 Oct 2024 | monthly | Dec 2017 - Oct 2024 |
| Domestic Credit (USD mn) | 358,277.6 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Domestic Credit Growth (%) | 0.7 Oct 2024 | monthly | Mar 1989 - Oct 2024 |
| Credit to Households (USD bn) | 234.071 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 412.164 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Household Debt (USD mn) | 226,591.5 Oct 2024 | monthly | Dec 1990 - Oct 2024 |
| Total Loans (USD mn) | 338,592.262 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Total Loans Growth (%) | 2.53 Oct 2024 | monthly | Dec 2017 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 137.41 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 418,981.000 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 117,170.000 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 602,046.000 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Official Reserve Assets (NZD mn) | 39,564.847 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 25,529.121 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| House Price Inflation: Net Percent Expecting (%) | 47.600 Dec 2024 | quarterly | Mar 2022 - Dec 2024 |
| House Price Inflation: Net Percent Expecting Higher (%) | -43.400 Dec 2024 | quarterly | Mar 2022 - Dec 2024 |
More Indicators for New Zealand
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Inflation
Commodity Price Index: 2017=100
Consumer and Producer Price Index: Quarterly
Consumer Price Index: Jun2006=1000
Consumer Price Index: Weights
Export and Import Price Index: Quarterly
Export Price Index: Jun2002=1000
House Price Index
Import Price Index: Jun2002=1000
Producer Price Index: Dec2010=1000
Terms of Trade
Capital Goods Price Index: Sep1999=1000
Consumer and Producer Price Index: Annual
Consumer Price Index: COICOP 1999: OECD Member: Quarterly
Consumer Price Index: OECD Member: Quarterly
Export and Import Price Index: Annual
Export Price Index: Jun1997=1000: By Services
Food Price Index: Jun2006=1000
Import Price Index: Jun1997=1000: By Services
Inflation
Producers Price Index: Dec2010=1000