Annual inflation, consumer prices in New Zealand

New Zealand: Annual inflation, consumer prices was 2.9% in 2024. ◆ Volatile

Latest (2024)
2.9%
Change on year
down 49.0%
World rank
89th
of 173 countries
All-time high
7.2%
in 2022
All-time low
0.3%
in 2015
Years of data
25
2000–2024

Annual inflation, consumer prices in New Zealand, 2000–2024

024682000201220242000: 2.62001: 2.62002: 2.72003: 1.82004: 2.32005: 32006: 3.42007: 2.42008: 42009: 2.12010: 2.32011: 42012: 1.12013: 1.12014: 1.22015: 0.2932016: 0.6462017: 1.92018: 1.62019: 1.62020: 1.72021: 3.92022: 7.22023: 5.72024: 2.9

Source: United Nations Statistics Division, SDG Global Database.

Analysis

New Zealand recorded 2.9% for annual inflation, consumer prices in 2024.

That represents a change of down 49.0% on the previous year and up 138.1% over ten years.

Over the whole period, annual inflation, consumer prices in New Zealand peaked at 7.2% in 2022 and was at its lowest, 0.3%, in 2015.

That places New Zealand 89th out of 173 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.7% 1.8% 4.0% 10
2010s 1.6% 0.3% 4.0% 10
2020s 4.3% 1.7% 7.2% 5

Countries ranked near New Zealand

  1. 86 Israel 3.1% compare
  2. 87 Croatia 3.0% compare
  3. 88 Austria 2.9% compare
  4. 90 Equatorial Guinea 2.9% compare
  5. 91 Guyana 2.9% compare
  6. 92 Kuwait 2.9% compare

See the full ranking of 223 places →

More development goals data for New Zealand

All data for New Zealand →

Frequently asked questions

What is annual inflation, consumer prices in New Zealand?
Annual inflation, consumer prices in New Zealand was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in New Zealand?
The highest recorded value was 7.2% in 2022.
What is the lowest annual inflation, consumer prices recorded in New Zealand?
The lowest recorded value was 0.3% in 2015.
How does New Zealand rank for annual inflation, consumer prices?
New Zealand ranks 89th out of 173 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in New Zealand?
Over the last ten years it is up 138.1%. The long-run trend across the full record is volatile.
Where does this New Zealand data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in New Zealand. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 21 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/new-zealand/

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About this data

Indicator
Annual inflation, consumer prices (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed