Inflation New Zealand 1976
Average inflation: 16.9%
Current Inflation
Inflation is very high at 16.9%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 17.7%. The lowest inflation was in December at 15.6%.
- Highest month
- June: 17.7%
- Lowest month
- December: 15.6%
- Difference
- 2.1 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 31.1%. The lowest price increase was in Core inflation with an average of 16.1%.
- Highest increase
- Energy: 31.1%
- Lowest increase
- Core inflation: 16.1%
Historical Context
Current inflation is 5.3% higher than the 5-year average of 11.6%. This approaches the highest level since records began (16.9% in 1976).
- 5-year average
- 11.6%
- 10-year average
- 11.4%
- All-time high (1976)
- 16.9%
- All-time low (1972)
- 7%
Trend
Inflation shows an upward trend. Compared to 1975, inflation has risen by +2.2 percentage point.
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- March: +4.0 percentage points
ECB Target
Inflation is 14.9% 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 €116.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| March | 17.2% | +4.0 |
| June | 17.7% | +2.8 |
| September | 17.2% | +2.4 |
| December | 15.6% | -0.1 |
| Average | 16.9% |
Data source
Data from WorldBank. Last updated: 04/01/2026.