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Key graphs - inflation

Inflation Real GDP Mortgage rates House prices/values Household debt
Current account 90-day rates Exchange rate Employment Download data
Click for graph of CPI since 1970 Since 2000, New Zealand CPI ('consumers price index') inflation has averaged around 2.7%. This compares with averages of 2.4 % in the 1990s, and averages of over 11% for the previous two decades.
Since September 2002, the inflation target has been to keep inflation within a range of 1-3 per cent on average over the medium-term.

 

For a chart of CPI inflation since 1970 select the link or click on the graph to the right.
Data from 1920 is available in Excel: Download data.

 

Last updated 17 April 2013

 

Notes:
CPI is published on a base of 2006Q2=1000.
The plotted series excludes interest rates, which were removed from the CPI regimen in 1999, but includes GST effects.