Inflation New Zealand 1984
Average inflation: 6.2%
Current Inflation
Inflation is very high at 6.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 9.4%. The lowest inflation was in March at 3.5%.
- Highest month
- December: 9.4%
- Lowest month
- March: 3.5%
- Difference
- 5.9 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 7.6%. The lowest price increase was in Food with an average of 5.2%.
- Highest increase
- Energy: 7.6%
- Lowest increase
- Food: 5.2%
Historical Context
Current inflation is 6.3% lower than the 5-year average of 12.5%. This approaches the lowest level since records began (6.2% in 1984).
- 5-year average
- 12.5%
- 10-year average
- 13.4%
- All-time high (1980)
- 17.2%
- All-time low (1984)
- 6.2%
Trend
Inflation shows a downward trend. Compared to 1983, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- March: -9.1 percentage points
ECB Target
Inflation is 4.2% 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 €106.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| March | 3.5% | -9.1 |
| June | 4.7% | -3.6 |
| September | 7.0% | +1.6 |
| December | 9.4% | +5.8 |
| Average | 6.2% |
Data source
Data from WorldBank. Last updated: 04/01/2026.