Inflation New Zealand 1973
Average inflation: 8.2%
Current Inflation
Inflation is very high at 8.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 10.2%. The lowest inflation was in March at 6.0%.
- Highest month
- December: 10.2%
- Lowest month
- March: 6.0%
- Difference
- 4.2 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Food with an average of 11.2%. The lowest price increase was in Energy with an average of 3.6%.
- Highest increase
- Food: 11.2%
- Lowest increase
- Energy: 3.6%
Historical Context
Current inflation is around the 5-year average of 8.5%.
- 5-year average
- 8.5%
- 10-year average
- 8.5%
- All-time high (1971)
- 10.4%
- All-time low (1972)
- 7%
Trend
Inflation shows a downward trend. Compared to 1972, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- +1.2 percentage points
- Largest monthly swing
- December: +4.7 percentage points
ECB Target
Inflation is 6.2% 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 €108.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1973
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1972 |
|---|---|---|
| March | 6.0% | -2.5 |
| June | 7.6% | +0.2 |
| September | 8.9% | +2.4 |
| December | 10.2% | +4.7 |
| Average | 8.2% |
Data source
Data from WorldBank. Last updated: 04/01/2026.