New Zealand Inflation Rate (CPI)
QuarterlyNot seasonally adjustedCode NZ.CPI.Q.NSA
New Zealand Inflation Rate (CPI) was up 3.7% year on year in Q3 2026, compared with 4.1% in Q2 2026.
The level stood at 1,368.0 (index).
Among the 80 economies Makrognosis covers on this measure, it is the 39th lowest.
Over the past ten years it has ranged from 0.4% (Q3 2016) to 7.3% (Q2 2022), averaging 3.2%.
Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.
Recent data
| Period | Value | Y/Y % |
|---|---|---|
| Q3 2026 | 1,368.0 | 3.7 |
| Q2 2026 | 1,359.0 | 4.1 |
| Q1 2026 | 1,339.0 | 3.1 |
| Q4 2025 | 1,327.0 | 3.1 |
| Q3 2025 | 1,319.0 | 3.0 |
| Q2 2025 | 1,306.0 | 2.7 |
| Q1 2025 | 1,299.0 | 2.5 |
| Q4 2024 | 1,287.0 | 2.2 |
| Q3 2024 | 1,280.0 | 2.2 |
| Q2 2024 | 1,272.0 | 3.3 |
| Q1 2024 | 1,267.0 | 4.0 |
| Q4 2023 | 1,259.0 | 4.7 |
| Q3 2023 | 1,253.0 | 5.6 |
| Q2 2023 | 1,231.0 | 6.0 |
| Q1 2023 | 1,218.0 | 6.7 |
| Q4 2022 | 1,203.0 | 7.2 |
| Q3 2022 | 1,186.0 | 7.2 |
| Q2 2022 | 1,161.0 | 7.3 |
| Q1 2022 | 1,142.0 | 6.9 |
| Q4 2021 | 1,122.0 | 5.9 |
| Q3 2021 | 1,106.0 | 4.9 |
| Q2 2021 | 1,082.0 | 3.3 |
| Q1 2021 | 1,068.0 | 1.5 |
| Q4 2020 | 1,059.0 | 1.4 |
Last 24 observations. The full history (423 observations) is available through the API.
One guessable code, agency-direct, updated on release. Free tier available.
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
"https://makrognosis.robomacro.com/v1/series/NZ.CPI.Q.NSA"
# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/NZ.CPI.Q.NSA",
headers={"X-API-Key": KEY})
obs = r.json()["observations"]About this series
| Latest observation | Q3 2026 |
|---|---|
| First observation | Q2 1914 |
| Observations | 423 |
| Frequency | Quarterly |
| Units | index |
| Adjustment | Not seasonally adjusted |
| 10-year high | 7.3% (Q2 2022) |
| 10-year low | 0.4% (Q3 2016) |
| 10-year average | 3.2% |
| Source agency | Stats NZ |
| Makrognosis code | NZ.CPI.Q.NSA |
Inflation Rate (CPI): how New Zealand compares
| # | Economy | Period | Latest |
|---|---|---|---|
| 1 | Venezuela | Q4 2026 | 376.9% |
| 2 | Sudan | Q4 2025 | 68.1% |
| 3 | Argentina | Q4 2026 | 33.1% |
| 4 | Turkey | Q4 2026 | 29.8% |
| 5 | Haiti | Q3 2026 | 16.4% |
| 37 | Estonia | Q4 2026 | 4.2% |
| 38 | Thailand | Q4 2026 | 3.9% |
| 39 | Poland | Q3 2026 | 3.9% |
| 40 | Portugal | Q4 2026 | 3.8% |
| 41 | Mexico | Q4 2026 | 3.8% |
| 42 | New Zealand | Q3 2026 | 3.7% |
| 43 | Netherlands | Q4 2026 | 3.7% |
| 44 | Austria | Q3 2026 | 3.6% |
| 45 | Norway | Q4 2026 | 3.6% |
| 46 | North Macedonia | Q3 2026 | 3.5% |
| 47 | United Kingdom | Q3 2026 | 3.4% |
| 48 | France | Q4 2026 | 3.4% |
Inflation Rate (CPI) by country: all 80 economies ranked →
More New Zealand Inflation Rate (CPI) series
Other New Zealand indicators
FAQ
- What is the current inflation Rate (CPI) in New Zealand?
- The latest reading is 3.7% year on year for Q3 2026, published by Stats NZ.
- Where does this data come from?
- It is collected directly from Stats NZ and is available through the Makrognosis API under the code NZ.CPI.Q.NSA.
Last updated 2026-10-22. Source: Stats NZ. Original title: “New Zealand CPI All groups (Stats NZ CPIQ.SE9A, quarterly index)”.