Inflation New Zealand 2003
Average inflation: 1.8%
Current Inflation
Inflation is low at 1.8%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 2.5%. The lowest inflation was in June at 1.5%.
- Highest month
- March: 2.5%
- Lowest month
- June: 1.5%
- Difference
- 1.0 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 -0.4%.
- Highest increase
- Energy: 4.1%
- Lowest increase
- Food: -0.4%
Historical Context
Current inflation is around the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 2%
- All-time high (1987)
- 15.9%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (-0.9 percentage point).
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- June: -1.3 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| March | 2.5% | -0.1 |
| June | 1.5% | -1.3 |
| September | 1.5% | -1.1 |
| December | 1.6% | -1.1 |
| Average | 1.8% |
Data source
Data from WorldBank. Last updated: 04/01/2026.