Inflation New Zealand 1971
Average inflation: 10.4%
Current Inflation
Inflation is very high at 10.4%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 11.1%. The lowest inflation was in December at 9.1%.
- Highest month
- September: 11.1%
- Lowest month
- December: 9.1%
- Difference
- 2.0 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 11.0%. The lowest price increase was in Energy with an average of 3.2%.
- Highest increase
- Core inflation: 11.0%
- Lowest increase
- Energy: 3.2%
Historical Context
Current inflation is around the 5-year average of 10.4%. This approaches the highest level since records began (10.4% in 1971).
- 5-year average
- 10.4%
- 10-year average
- 10.4%
- All-time high (1971)
- 10.4%
- All-time low (1971)
- 10.4%
Trend
ECB Target
Inflation is 8.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €110.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1971
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation |
|---|---|
| March | 10.3% |
| June | 11.0% |
| September | 11.1% |
| December | 9.1% |
| Average | 10.4% |
Data source
Data from WorldBank. Last updated: 04/01/2026.