Inflation New Zealand 2002
Average inflation: 2.7%
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Peak and Trough
The highest inflation was in June at 2.8%. The lowest inflation was in March at 2.6%.
- Highest month
- June: 2.8%
- Lowest month
- March: 2.6%
- Difference
- 0.2 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Food with an average of 3.0%. The lowest price increase was in Energy with an average of 1.7%.
- Highest increase
- Food: 3.0%
- Lowest increase
- Energy: 1.7%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 2%
- All-time high (1987)
- 15.9%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- December: +0.9 percentage points
ECB Target
Inflation is 0.7% 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 €102.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| March | 2.6% | -0.5 |
| June | 2.8% | -0.4 |
| September | 2.6% | +0.2 |
| December | 2.7% | +0.9 |
| Average | 2.7% |
Data source
Data from WorldBank. Last updated: 04/01/2026.