Inflation New Zealand 1974
Average inflation: 11.1%
Current Inflation
Inflation is very high at 11.1%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.6%. The lowest inflation was in June at 10.0%.
- Highest month
- December: 12.6%
- Lowest month
- June: 10.0%
- Difference
- 2.6 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Food with an average of 11.6%. The lowest price increase was in Energy with an average of 6.5%.
- Highest increase
- Food: 11.6%
- Lowest increase
- Energy: 6.5%
Historical Context
Current inflation is 1.9% higher than the 5-year average of 9.2%. This approaches the highest level since records began (11.1% in 1974).
- 5-year average
- 9.2%
- 10-year average
- 9.2%
- All-time high (1974)
- 11.1%
- All-time low (1972)
- 7%
Trend
Inflation shows an upward trend. Compared to 1973, inflation has risen by +2.9 percentage point.
- Change vs. previous year
- +2.9 percentage points
- Largest monthly swing
- March: +4.3 percentage points
ECB Target
Inflation is 9.1% 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 €111.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| March | 10.3% | +4.3 |
| June | 10.0% | +2.4 |
| September | 11.5% | +2.6 |
| December | 12.6% | +2.4 |
| Average | 11.1% |
Data source
Data from WorldBank. Last updated: 04/01/2026.