Inflation New Zealand 1977
Average inflation: 14.4%
Current Inflation
Inflation is very high at 14.4%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 15.3%. The lowest inflation was in March at 13.7%.
- Highest month
- December: 15.3%
- Lowest month
- March: 13.7%
- Difference
- 1.6 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 36.7%. The lowest price increase was in Core inflation with an average of 13.2%.
- Highest increase
- Energy: 36.7%
- Lowest increase
- Core inflation: 13.2%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 13.1%.
- 5-year average
- 13.1%
- 10-year average
- 11.8%
- All-time high (1976)
- 16.9%
- All-time low (1972)
- 7%
Trend
Inflation has remained relatively stable. Compared to 1976, the difference is minimal (-2.5 percentage point).
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- June: -3.7 percentage points
ECB Target
Inflation is 12.4% 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 €114.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| March | 13.7% | -3.5 |
| June | 14.0% | -3.7 |
| September | 14.4% | -2.8 |
| December | 15.3% | -0.3 |
| Average | 14.4% |
Data source
Data from WorldBank. Last updated: 04/01/2026.