New Zealand inflation rate by year, 1990 to 2025
New Zealand: 2.84% in 2025. Inflation rate peaked at 7.17% in 2022 in this 1990–2025 series.
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What the data shows
- New Zealand: 6.10% in 1990, 2.84% in 2025. It peaked at 7.17% in 2022.
- Australia: 7.33% in 1990, 2.87% in 2025 (61% lower). Its low point was 0.22% in 1997.
- Spain: 6.72% in 1990, 2.67% in 2025. It peaked at 8.39% in 2022.
- Botswana: 11.40% in 1990, 2.66% in 2025 (77% lower). It peaked at 16.17% in 1992.
About this chart
New Zealand's annual consumer-price inflation reached 7.17% in 2022, the high for the displayed period. The latest reading was 2.84% in 2025; the series began at 6.10% in 1990. The displayed annual series runs from 1990 through 2025; its lowest value was -0.11% in 1999. The preceding annual observation, for 2024, was 2.92%.
Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. In 2025, the comparison lines show Australia (2.87%), Spain (2.67%) and Botswana (2.66%). These peers have the closest latest values among reporting countries with over one million people and a continuous common history; they are not selected by geography.
The data
Source: World Bank, World Development Indicators (FP.CPI.TOTL.ZG), % annual consumer-price change. Retrieved November 5, 2026. Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series.
| Date | 🇳🇿 New Zealand | 🇦🇺 Australia | 🇪🇸 Spain | 🇧🇼 Botswana |
|---|---|---|---|---|
| 1990 | 6.10% | 7.33% | 6.72% | 11.40% |
| 1991 | 2.60% | 3.18% | 5.93% | 11.77% |
| 1992 | 1.01% | 1.01% | 5.92% | 16.17% |
| 1993 | 1.29% | 1.75% | 4.57% | 14.33% |
| 1994 | 1.75% | 1.97% | 4.72% | 10.54% |
| 1995 | 3.75% | 4.63% | 4.67% | 10.51% |
| 1996 | 2.29% | 2.62% | 3.56% | 10.08% |
| 1997 | 1.19% | 0.22% | 1.97% | 8.72% |
| 1998 | 1.27% | 0.86% | 1.83% | 6.66% |
| 1999 | -0.11% | 1.48% | 2.31% | 7.75% |
| 2000 | 2.62% | 4.46% | 3.43% | 8.60% |
| 2001 | 2.63% | 4.41% | 3.59% | 6.56% |
| 2002 | 2.68% | 2.98% | 3.07% | 8.03% |
| 2003 | 1.75% | 2.73% | 3.04% | 9.19% |
| 2004 | 2.29% | 2.34% | 3.04% | 6.95% |
| 2005 | 3.04% | 2.69% | 3.37% | 8.61% |
| 2006 | 3.37% | 3.56% | 3.52% | 11.56% |
| 2007 | 2.38% | 2.33% | 2.79% | 7.08% |
| 2008 | 3.96% | 4.35% | 4.08% | 12.70% |
| 2009 | 2.12% | 1.77% | -0.29% | 8.03% |
| 2010 | 2.30% | 2.92% | 1.80% | 6.95% |
| 2011 | 4.03% | 3.30% | 3.20% | 8.46% |
| 2012 | 1.06% | 1.76% | 2.45% | 7.54% |
| 2013 | 1.13% | 2.45% | 1.41% | 5.88% |
| 2014 | 1.23% | 2.49% | -0.15% | 4.40% |
| 2015 | 0.29% | 1.51% | -0.50% | 3.06% |
| 2016 | 0.65% | 1.28% | -0.20% | 2.81% |
| 2017 | 1.85% | 1.95% | 1.96% | 3.31% |
| 2018 | 1.60% | 1.91% | 1.68% | 3.24% |
| 2019 | 1.62% | 1.61% | 0.70% | 2.77% |
| 2020 | 1.71% | 0.85% | -0.32% | 1.89% |
| 2021 | 3.94% | 2.86% | 3.09% | 7.24% |
| 2022 | 7.17% | 6.59% | 8.39% | 11.67% |
| 2023 | 5.73% | 5.60% | 3.53% | 5.07% |
| 2024 | 2.92% | 3.17% | 2.77% | 2.82% |
| 2025 | 2.84% | 2.87% | 2.67% | 2.66% |
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Frequently asked questions
What is the inflation rate in New Zealand?
New Zealand's annual consumer-price inflation was 2.84% in 2025. This annual World Bank series should not be read as the latest monthly inflation release.
When was New Zealand's inflation rate highest in this series?
The highest displayed value was 7.17% in 2022. This comparison covers 1990 through 2025; it is not a claim about years outside the available series.
Why are these countries compared with New Zealand?
The comparison selects three countries with the closest 2025 values, among countries with over one million people and at least fifteen consecutive annual observations in common. The matching is based on the indicator level, not economic structure or geographic proximity.
Where does this data come from?
World Bank, World Development Indicators (FP.CPI.TOTL.ZG), % annual consumer-price change. Retrieved November 5, 2026. Consumer-price inflation measures the annual percentage change in the cost of a consumer basket. A lower positive rate means prices rise more slowly, not that the price level falls; negative values indicate declining prices. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series. You can download the full table as a CSV from this page.
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