Inflation New Zealand 1997
Average inflation: 1.2%
Current Inflation
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 1.8%. The lowest inflation was in December at 0.8%.
- Highest month
- March: 1.8%
- Lowest month
- December: 0.8%
- Difference
- 1.0 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 2.2%. The lowest price increase was in Core inflation with an average of 0.9%.
- Highest increase
- Energy: 2.2%
- Lowest increase
- Core inflation: 0.9%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 3.2%
- All-time high (1980)
- 17.2%
- All-time low (1992)
- 1%
Trend
Inflation shows a downward trend. Compared to 1996, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- December: -1.8 percentage points
ECB Target
Inflation is 0.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| March | 1.8% | -0.4 |
| June | 1.1% | -0.9 |
| September | 1.0% | -1.4 |
| December | 0.8% | -1.8 |
| Average | 1.2% |
Data source
Data from WorldBank. Last updated: 04/01/2026.