Inflation New Zealand 1987
Average inflation: 15.9%
Current Inflation
Inflation is very high at 15.9%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 18.9%. The lowest inflation was in December at 9.6%.
- Highest month
- June: 18.9%
- Lowest month
- December: 9.6%
- Difference
- 9.3 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 16.9%. The lowest price increase was in Food with an average of 12.2%.
- Highest increase
- Core inflation: 16.9%
- Lowest increase
- Food: 12.2%
Historical Context
Current inflation is 4.3% higher than the 5-year average of 11.6%. This approaches the highest level since records began (17.2% in 1980).
- 5-year average
- 11.6%
- 10-year average
- 13.2%
- All-time high (1980)
- 17.2%
- All-time low (1984)
- 6.2%
Trend
Inflation has remained relatively stable. Compared to 1986, the difference is minimal (+2.8 percentage point).
- Change vs. previous year
- +2.8 percentage points
- Largest monthly swing
- December: -8.6 percentage points
ECB Target
Inflation is 13.9% 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 €115.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1987
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1986 |
|---|---|---|
| March | 18.3% | +5.3 |
| June | 18.9% | +8.5 |
| September | 16.9% | +5.9 |
| December | 9.6% | -8.6 |
| Average | 15.9% |
Data source
Data from WorldBank. Last updated: 04/01/2026.