Inflation New Zealand 1991
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in March at 4.5%. The lowest inflation was in December at 1.0%.
- Highest month
- March: 4.5%
- Lowest month
- December: 1.0%
- Difference
- 3.5 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 4.1%. The lowest price increase was in Food with an average of 0.3%.
- Highest increase
- Energy: 4.1%
- Lowest increase
- Food: 0.3%
Historical Context
Current inflation is 4.7% lower than the 5-year average of 7.3%. This approaches the lowest level since records began (2.6% in 1991).
- 5-year average
- 7.3%
- 10-year average
- 9.5%
- All-time high (1980)
- 17.2%
- All-time low (1991)
- 2.6%
Trend
Inflation shows a downward trend. Compared to 1990, inflation has fallen by +3.5 percentage point.
- Change vs. previous year
- -3.5 percentage points
- Largest monthly swing
- June: -4.8 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1991
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1990 |
|---|---|---|
| March | 4.5% | -2.5 |
| June | 2.8% | -4.8 |
| September | 2.2% | -2.8 |
| December | 1.0% | -3.9 |
| Average | 2.6% |
Data source
Data from WorldBank. Last updated: 04/01/2026.