New Zealand inflation rate for 2023 was 5.73%, a 1.44% decline from 2022.
New Zealand inflation rate for 2022 was 7.17%, a 3.23% increase from 2021.
New Zealand inflation rate for 2021 was 3.94%, a 2.23% increase from 2020.
New Zealand inflation rate for 2020 was 1.71%, a 0.1% increase from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
