New Zealand — Inflation
Inflation, Consumer Prices (Annual %) for New Zealand, 1960–2025.
Inflation for New Zealand was 2.84% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 17.15% in 1980. The lowest was -0.11% in 1999 (about -24.9× the low point). Across that span the compound annual growth rate works out to 2.18% per year.
New Zealand ranks 101 of 187 economies on this measure (1 = highest), putting it in the top 54%. The median for East Asia & Pacific is 2.21%, so New Zealand sits above it. It peaked in 1980 and has fallen 83% since. Over the last decade (2015–2025) the figure moved up 870%. Within East Asia & Pacific it ranks 12 of 28 economies; Cambodia (2.35%) is just below it. Its sharpest one-year move was up 2389% in 2000. That is 3% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1961; grown tenfold by 1971. Doubling roughly every 32 years at that pace.
World ranking. Slipped: 48th of 63 in 1960 → 22nd of 92 in 1970 → 42nd of 106 in 1980 → 83rd of 131 in 1990 → 100th of 163 in 2000 → 121st of 186 in 2010 → 95th of 178 in 2020 → 88th of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.84% | -0.1 pp |
| 2024 | 2.92% | -2.8 pp |
| 2023 | 5.73% | -1.4 pp |
| 2022 | 7.17% | +3.2 pp |
| 2021 | 3.94% | +2.2 pp |
| 2020 | 1.71% | +0.1 pp |
| 2019 | 1.62% | +0.0 pp |
| 2018 | 1.6% | -0.3 pp |
| 2017 | 1.85% | +1.2 pp |
| 2016 | 0.65% | +0.4 pp |
| 2015 | 0.29% | -0.9 pp |
| 2014 | 1.23% | +0.1 pp |
| 2013 | 1.13% | +0.1 pp |
| 2012 | 1.06% | -3.0 pp |
| 2011 | 4.03% | +1.7 pp |
| 2010 | 2.3% | +0.2 pp |
| 2009 | 2.12% | -1.8 pp |
| 2008 | 3.96% | +1.6 pp |
| 2007 | 2.38% | -1.0 pp |
| 2006 | 3.37% | +0.3 pp |
| 2005 | 3.04% | +0.7 pp |
| 2004 | 2.29% | +0.5 pp |
| 2003 | 1.75% | -0.9 pp |
| 2002 | 2.68% | +0.1 pp |
| 2001 | 2.63% | +0.0 pp |
| 2000 | 2.62% | +2.7 pp |
| 1999 | -0.11% | -1.4 pp |
| 1998 | 1.27% | +0.1 pp |
| 1997 | 1.19% | -1.1 pp |
| 1996 | 2.29% | -1.5 pp |
| 1995 | 3.75% | +2.0 pp |
| 1994 | 1.75% | +0.5 pp |
| 1993 | 1.29% | +0.3 pp |
| 1992 | 1.01% | -1.6 pp |
| 1991 | 2.6% | -3.5 pp |
| 1990 | 6.1% | +0.4 pp |
| 1989 | 5.72% | -0.7 pp |
| 1988 | 6.38% | -9.4 pp |
| 1987 | 15.74% | +2.5 pp |
| 1986 | 13.21% | -2.2 pp |
| 1985 | 15.42% | +9.2 pp |
| 1984 | 6.17% | -1.2 pp |
| 1983 | 7.34% | -8.8 pp |
| 1982 | 16.16% | +0.8 pp |
| 1981 | 15.37% | -1.8 pp |
| 1980 | 17.15% | +3.5 pp |
| 1979 | 13.7% | +1.7 pp |
| 1978 | 11.96% | -2.4 pp |
| 1977 | 14.38% | -2.5 pp |
| 1976 | 16.91% | +2.2 pp |
| 1975 | 14.68% | +3.6 pp |
| 1974 | 11.11% | +2.9 pp |
| 1973 | 8.17% | +1.2 pp |
| 1972 | 6.93% | -3.5 pp |
| 1971 | 10.39% | +3.9 pp |
| 1970 | 6.52% | +1.6 pp |
| 1969 | 4.93% | +0.6 pp |
| 1968 | 4.31% | -1.7 pp |
| 1967 | 6.06% | +3.3 pp |
| 1966 | 2.76% | -0.6 pp |
| 1965 | 3.4% | -0.1 pp |
| 1964 | 3.47% | +1.5 pp |
| 1963 | 1.97% | -0.7 pp |
| 1962 | 2.68% | +0.9 pp |
| 1961 | 1.8% | +1.1 pp |
| 1960 | 0.7% | — |
Frequently asked questions
What was New Zealand’s Inflation in 1961?
1.8% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is New Zealand’s Inflation growing or shrinking?
Between 1960 and 2025 the series was growing overall: +306.9% in total — about 2.2% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.84%; 2024: 2.92%; 2023: 5.73%; 2022: 7.17%; 2021: 3.94%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.