New Zealand Consumer Price Index CPI Growth
1915 - 2025 | Quarterly | % | CEIC Data
Key information about New Zealand Consumer Price Index CPI growth
- New Zealand Consumer Price Index (CPI) growth was measured at 3.0 % YoY in Sep 2025, compared with a rate of 2.7 % in the previous quarter.
- New Zealand Consumer Price Index growth data is updated quarterly, available from Jun 1915 to Sep 2025, with an averaged number of 10.2 % YoY.
- The data reached an all-time high of 18.9 % YoY in Jun 1987 and a record low of -100.0 % YoY in Jun 1915.
CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Stats NZ provides Consumer Price Index with base June 2017=1000. [COVID-19-IMPACT]
View New Zealand's Consumer Price Index CPI Growth from Jun 1915 to Sep 2025 in the chart:
What was New Zealand's Consumer Price Index CPI Growth in Sep 2025?
New Zealand Consumer Price Index (CPI) growth was measured at 3.0 % YoY in Sep 2025, compared with a rate of 2.7 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.0 Sep 2025 | 2.7 Jun 2025 | -100.0 Jun 1915 | 18.9 Jun 1987 | % | quarterly | Jun 1915 - Sep 2025 |
Consumer Price Index CPI Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 2.3 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| Algeria (%) | 0.9 Nov 2025 | monthly | Jan 1975 - Nov 2025 |
| Argentina (%) | 32.4 Jan 2026 | monthly | Dec 2017 - Jan 2026 |
| Armenia (%) | 3.8 Jan 2026 | monthly | Dec 1993 - Jan 2026 |
| Australia (%) | 3.7 Dec 2025 | quarterly | Dec 1987 - Dec 2025 |
| Austria (%) | 2.1 Jan 2026 | monthly | Jan 1949 - Jan 2026 |
| Azerbaijan (%) | 5.8 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| Bahrain (%) | 0.1 Oct 2025 | monthly | Aug 2008 - Oct 2025 |
| Bangladesh (%) | 8.2 Oct 2025 | monthly | Jul 1994 - Oct 2025 |
| Belarus (%) | 7.0 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| Belgium (%) | 2.4 Nov 2025 | monthly | Jan 1921 - Nov 2025 |
| Bolivia (%) | 17.4 Feb 2026 | monthly | Jan 1938 - Feb 2026 |
| Bosnia and Herzegovina (%) | 4.3 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Botswana (%) | 4.1 Jan 2026 | monthly | Jun 1975 - Jan 2026 |
| Brazil (%) | 4.3 Dec 2025 | monthly | Dec 1980 - Dec 2025 |
| Brunei (%) | 0.1 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Bulgaria (%) | 5.2 Nov 2025 | monthly | May 1991 - Nov 2025 |
| Cambodia (%) | 1.2 Dec 2025 | monthly | Oct 1995 - Dec 2025 |
| Canada (%) | 2.2 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Chile (%) | 3.4 Oct 2025 | monthly | Jan 1971 - Oct 2025 |
| China (%) | 1.3 Feb 2026 | monthly | Jan 1985 - Feb 2026 |
| Colombia (%) | 5.3 Feb 2026 | monthly | Jul 1955 - Feb 2026 |
| Croatia (%) | 3.8 Nov 2025 | monthly | Jan 1987 - Nov 2025 |
| Cyprus (%) | -0.3 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Czech Republic (%) | 2.5 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Denmark (%) | 2.1 Oct 2025 | monthly | Jan 1968 - Oct 2025 |
| Ecuador (%) | 1.2 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Egypt (%) | 13.4 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| Estonia (%) | 3.7 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| European Union (%) | 2.0 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Finland (%) | -0.2 Oct 2025 | monthly | Jan 1980 - Oct 2025 |
| France (%) | 0.2 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Georgia (%) | 5.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Germany (%) | 2.1 Feb 2026 | monthly | Jun 1949 - Feb 2026 |
| Ghana (%) | 3.3 Feb 2026 | monthly | Mar 1964 - Feb 2026 |
| Greece (%) | 2.7 Feb 2026 | monthly | Jan 1956 - Feb 2026 |
| Hong Kong SAR, China (%) | 1.5 Jan 2026 | monthly | Oct 2000 - Jan 2026 |
| Hungary (%) | 3.3 Dec 2025 | monthly | Jan 1977 - Dec 2025 |
| Iceland (%) | 4.5 Dec 2025 | monthly | Jan 1977 - Dec 2025 |
| India (%) | 0.3 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Indonesia (%) | 2.7 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Iran (%) | 48.6 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Ireland (%) | 2.7 Jan 2026 | monthly | Nov 1976 - Jan 2026 |
| Israel (%) | 1.8 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Italy (%) | 1.2 Dec 2025 | monthly | Jan 1956 - Dec 2025 |
| Ivory Coast (%) | 1.5 Jan 2026 | monthly | Jan 1961 - Jan 2026 |
| Japan (%) | 1.5 Jan 2026 | monthly | Jan 1996 - Jan 2026 |
| Jordan (%) | 2.0 Oct 2025 | monthly | Jan 1999 - Oct 2025 |
| Kazakhstan (%) | 12.4 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Kenya (%) | 4.2 Feb 2026 | monthly | Mar 1963 - Feb 2026 |
| South Korea (%) | 2.4 Oct 2025 | monthly | Aug 1952 - Oct 2025 |
| Kosovo (%) | 6.0 Feb 2026 | monthly | May 2003 - Feb 2026 |
| Kuwait (%) | 2.1 Dec 2025 | monthly | Jul 1992 - Dec 2025 |
| Kyrgyzstan (%) | 9.5 Jan 2026 | monthly | Jan 1996 - Jan 2026 |
| Laos (%) | 4.8 Nov 2025 | monthly | May 1994 - Nov 2025 |
| Latvia (%) | 2.3 Feb 2026 | monthly | Jan 1992 - Feb 2026 |
| Lebanon (%) | 16.4 Oct 2025 | monthly | Dec 2008 - Oct 2025 |
| Lithuania (%) | 4.1 Oct 2025 | monthly | Dec 1991 - Oct 2025 |
| Luxembourg (%) | 1.3 Feb 2026 | monthly | Jan 1956 - Feb 2026 |
| Macau SAR, China (%) | 0.5 Jan 2026 | monthly | Jan 1989 - Jan 2026 |
| North Macedonia (%) | 2.9 Feb 2026 | monthly | Jan 1994 - Feb 2026 |
| Malawi (%) | 24.9 Jan 2026 | monthly | Jan 1981 - Jan 2026 |
| Malaysia (%) | 1.3 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Malta (%) | 2.3 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Mauritius (%) | 4.5 Dec 2025 | monthly | Jul 1963 - Dec 2025 |
| Mexico (%) | 4.0 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| Moldova (%) | 7.0 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| Mongolia (%) | 6.4 Feb 2026 | monthly | Oct 1992 - Feb 2026 |
| Montenegro (%) | 4.8 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| Morocco (%) | -0.8 Jan 2026 | monthly | Jan 1958 - Jan 2026 |
| Mozambique (%) | 4.8 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Myanmar (%) | 22.9 Jun 2025 | monthly | Oct 2008 - Jun 2025 |
| Nepal (%) | 2.4 Jan 2026 | monthly | Jul 1964 - Jan 2026 |
| Netherlands (%) | 2.4 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| New Zealand (%) | 3.0 Sep 2025 | quarterly | Jun 1915 - Sep 2025 |
| Nigeria (%) | 15.1 Jan 2026 | monthly | Jan 1961 - Jan 2026 |
| Norway (%) | 2.5 Feb 2026 | monthly | Jan 1986 - Feb 2026 |
| Oman (%) | 1.5 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Pakistan (%) | 7.0 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| Palestinian Territory (%) | -17.1 Oct 2025 | monthly | Jan 1997 - Oct 2025 |
| Panama (%) | -0.4 Aug 2025 | monthly | Jul 1975 - Aug 2025 |
| Paraguay (%) | 2.3 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| Peru (%) | 2.0 Feb 2026 | monthly | Jan 1958 - Feb 2026 |
| Philippines (%) | 1.7 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Poland (%) | 2.4 Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Portugal (%) | 2.1 Feb 2026 | monthly | Jan 1949 - Feb 2026 |
| Qatar (%) | 2.3 Jan 2026 | monthly | Mar 2015 - Jan 2026 |
| Romania (%) | 9.8 Oct 2025 | monthly | Oct 1991 - Oct 2025 |
| Russia (%) | 7.7 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Saudi Arabia (%) | 1.8 Jan 2026 | monthly | Feb 1981 - Jan 2026 |
| Serbia (%) | 2.8 Oct 2025 | monthly | Feb 1995 - Oct 2025 |
| Singapore (%) | 1.2 Oct 2025 | monthly | Jan 1962 - Oct 2025 |
| Slovakia (%) | 3.7 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| Slovenia (%) | 2.9 Feb 2026 | monthly | Jan 1981 - Feb 2026 |
| South Africa (%) | 3.6 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Spain (%) | 2.3 Feb 2026 | monthly | Mar 1955 - Feb 2026 |
| Sri Lanka (%) | 2.4 Jan 2026 | monthly | Jan 1960 - Jan 2026 |
| Sudan (%) | 63.3 Feb 2023 | monthly | Jan 1958 - Feb 2023 |
| Sweden (%) | 0.9 Oct 2025 | monthly | Jan 1956 - Oct 2025 |
| Switzerland (%) | -0.5 Jan 2021 | monthly | Jan 1922 - Jan 2021 |
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Learn more about what we doNew Zealand Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.0 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 5,756.479 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue (USD mn) | 79,994.882 2025 | yearly | 1999 - 2025 |
| Tax Revenue: % of GDP (%) | 31.2 2024 | yearly | 1999 - 2024 |
| National Government Debt (USD mn) | 123,654.9 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Government Debt: % of GDP (%) | 48.5 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Forecast: Government Expenditure (NZD bn) | 204.048 2030 | yearly | 1985 - 2030 |
| Forecast: Government Net Debt (NZD bn) | 292.813 2030 | yearly | 1985 - 2030 |
| Forecast: Government Revenue (NZD bn) | 204.003 2030 | yearly | 1985 - 2030 |
| General Government: ytd: Borrowings: Gross Sovereign Issued Debt Excluding Reser... (NZD mn) | 219,606.789 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| General Government: ytd: Expenses (NZD mn) | 87,970.000 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| General Government: ytd: Revenue (NZD mn) | 82,650.000 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.751 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -303.5 Jan 2026 | monthly | Jan 1960 - Jan 2026 |
| Total Exports (USD mn) | 3,634.3 Jan 2026 | monthly | Jan 1957 - Jan 2026 |
| Total Exports Growth (%) | 2.6 Jan 2026 | monthly | Jan 1952 - Jan 2026 |
| Aluminum: Exports (USD th) | 748,011.388 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 141,065.733 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 300,779.899 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 3,937.8 Jan 2026 | monthly | Jan 1960 - Jan 2026 |
| Total Imports Growth (%) | 1.9 Jan 2026 | monthly | Jan 1961 - Jan 2026 |
| Imports: Medicament (USD th) | 1,026,250.125 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 436,775.230 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 429.198 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Total Imports from USA (USD mn) | 341.412 Jan 2026 | monthly | Jan 1981 - Jan 2026 |
| Total Exports to China (USD mn) | 948.267 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Total Imports from China (USD mn) | 1,035.326 Jan 2026 | monthly | Jul 1982 - Jan 2026 |
| Import Volume Index: sa (Jun2002=1000) | 2,788.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Import Volume Index (Jun2002=1000) | 2,914.000 Dec 2025 | quarterly | Mar 1949 - Dec 2025 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,461.000 Dec 2025 | quarterly | Mar 1951 - Dec 2025 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,440.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Exports: fob: Australia (NZD mn) | 802.114 Jan 2026 | monthly | Jan 1988 - Jan 2026 |
| Exports: fob: United States (NZD mn) | 733.546 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: Japan (NZD mn) | 288.149 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: United Kingdom (NZD mn) | 169.611 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: China (NZD mn) | 1,577.085 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: Australia: sa (NZD mn) | 939.332 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: China: sa (NZD mn) | 1,620.692 Jan 2026 | monthly | Jul 1981 - Jan 2026 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 39.948 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 470.132 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 246.084 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,150.584 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 292.372 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Term Trade Index (Jun2002=1000) | 1,593.000 Dec 2025 | quarterly | Mar 1957 - Dec 2025 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 90.7 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Money Supply M1 (USD mn) | 78,697.786 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Money Supply M2 (USD mn) | 267,163.748 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| M2 Growth (%) | 3.5 Jan 2026 | monthly | Mar 1989 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 27,531.8 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 9.441 Sep 2025 | quarterly | Sep 2005 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.8 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Gold Reserves (USD mn) | 0.000 Jan 2026 | monthly | Dec 1950 - Jan 2026 |
| Total Deposits (USD mn) | 292,971.169 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Total Deposits Growth (%) | 3.3 Jan 2026 | monthly | Dec 2017 - Jan 2026 |
| Domestic Credit (USD mn) | 383,024.1 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Domestic Credit Growth (%) | 4.3 Jan 2026 | monthly | Mar 1989 - Jan 2026 |
| Credit to Households (USD bn) | 238.472 Jun 2025 | quarterly | Dec 1990 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 423.842 Jun 2025 | quarterly | Mar 1960 - Jun 2025 |
| Household Debt (USD mn) | 246,122.8 Jan 2026 | monthly | Dec 1990 - Jan 2026 |
| Total Loans (USD mn) | 365,576.199 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Total Loans Growth (%) | 4.86 Jan 2026 | monthly | Dec 2017 - Jan 2026 |
| Private Debt: % of Nominal GDP (%) | 136.73 Sep 2025 | quarterly | Mar 1988 - Sep 2025 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 441,739.000 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 130,122.000 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Depository Corp: Domestic Credit (NZD mn) | 633,307.000 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Official Reserve Assets (NZD mn) | 51,186.566 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 33,411.681 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| House Price Inflation: Net Percent Expecting (%) | 79.100 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| House Price Inflation: Net Percent Expecting Higher (%) | -27.500 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 76.900 Feb 2026 | monthly | Feb 1991 - Feb 2026 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 63.000 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 61.300 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 64.100 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 61.700 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Performance Manufacturing Index (NA) | 53.900 Jan 2026 | monthly | Aug 2002 - Jan 2026 |
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