Inflation New Zealand 1972
Average inflation: 7.0%
Current Inflation
Inflation is very high at 7.0%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 8.5%. The lowest inflation was in December at 5.5%.
- Highest month
- March: 8.5%
- Lowest month
- December: 5.5%
- Difference
- 3.0 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 7.6%. The lowest price increase was in Energy with an average of 2.9%.
- Highest increase
- Core inflation: 7.6%
- Lowest increase
- Energy: 2.9%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 8.7%. This approaches the lowest level since records began (7.0% in 1972).
- 5-year average
- 8.7%
- 10-year average
- 8.7%
- All-time high (1971)
- 10.4%
- All-time low (1972)
- 7%
Trend
Inflation shows a downward trend. Compared to 1971, inflation has fallen by +3.4 percentage point.
- Change vs. previous year
- -3.4 percentage points
- Largest monthly swing
- September: -4.6 percentage points
ECB Target
Inflation is 5.0% 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 €107.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1972
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1971 |
|---|---|---|
| March | 8.5% | -1.8 |
| June | 7.4% | -3.6 |
| September | 6.5% | -4.6 |
| December | 5.5% | -3.6 |
| Average | 7.0% |
Data source
Data from WorldBank. Last updated: 04/01/2026.