New Zealand Inflation Rate — 2026 CPI Data, Trend & Outlook
New Zealand's inflation rate was 2.84% in December 2025, down from 2.92% the previous year. A year earlier it stood at 2.92%.
New Zealand's inflation rate stands at 2.84% as of December 2025. The inflation rate currently sits at 2.84% (down from 2.92% in the prior year). Across the tracked window it has ranged between -0.11% and 17.15%, and is 0.08% lower than a year ago.
The trend
Among the 193 economies tracked on this platform, New Zealand ranks #110 on inflation rate by latest value. It fell from 2.92% in the previous year, and compares with a year-earlier 2.92%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| Dec 2025 | 2.84% |
| Dec 2024 | 2.92% |
| Dec 2023 | 5.73% |
| Dec 2022 | 7.17% |
| Dec 2021 | 3.94% |
| Dec 2020 | 1.71% |
| Dec 2019 | 1.62% |
| Dec 2018 | 1.60% |
Data: The World Bank — World Development Indicators (CC BY 4.0) Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in New Zealand Right Now (2026)?
New Zealand's inflation rate was 2.84% in December 2025, down from 2.92% the previous year. A year earlier it stood at 2.92%.
Is the inflation rate rising or falling in New Zealand?
It fell in the latest reading — 2.84% in December 2025 versus 2.92% a year earlier. Year on year it is lower.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).