Inflation New Zealand 1998
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in June at 1.7%. The lowest inflation was in December at 0.4%.
- Highest month
- June: 1.7%
- Lowest month
- December: 0.4%
- Difference
- 1.3 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Food with an average of 3.5%. The lowest price increase was in Energy with an average of -1.7%.
- Highest increase
- Food: 3.5%
- Lowest increase
- Energy: -1.7%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 2.7%
- All-time high (1980)
- 17.2%
- All-time low (1992)
- 1%
Trend
Inflation has remained relatively stable. Compared to 1997, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- September: +0.7 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| March | 1.3% | -0.5 |
| June | 1.7% | +0.6 |
| September | 1.7% | +0.7 |
| December | 0.4% | -0.4 |
| Average | 1.3% |
Data source
Data from WorldBank. Last updated: 04/01/2026.