Inflation New Zealand 1983
Average inflation: 7.5%
Current Inflation
Inflation is very high at 7.5%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 12.6%. The lowest inflation was in December at 3.6%.
- Highest month
- March: 12.6%
- Lowest month
- December: 3.6%
- Difference
- 9.0 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 8.6%. The lowest price increase was in Food with an average of 4.1%.
- Highest increase
- Core inflation: 8.6%
- Lowest increase
- Food: 4.1%
Historical Context
Current inflation is 6.5% lower than the 5-year average of 14.0%. This approaches the lowest level since records began (7.0% in 1972).
- 5-year average
- 14%
- 10-year average
- 13.9%
- All-time high (1980)
- 17.2%
- All-time low (1972)
- 7%
Trend
Inflation shows a downward trend. Compared to 1982, inflation has fallen by +8.7 percentage point.
- Change vs. previous year
- -8.7 percentage points
- Largest monthly swing
- December: -11.7 percentage points
ECB Target
Inflation is 5.5% 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 €107.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1983
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1982 |
|---|---|---|
| March | 12.6% | -3.2 |
| June | 8.3% | -8.7 |
| September | 5.4% | -11.2 |
| December | 3.6% | -11.7 |
| Average | 7.5% |
Data source
Data from WorldBank. Last updated: 04/01/2026.