Inflation New Zealand 2007
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.2%. The lowest inflation was in September at 1.8%.
- Highest month
- December: 3.2%
- Lowest month
- September: 1.8%
- Difference
- 1.4 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Food with an average of 4.0%. The lowest price increase was in Core inflation with an average of 1.8%.
- Highest increase
- Food: 4.0%
- Lowest increase
- Core inflation: 1.8%
Historical Context
Current inflation is around the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 2.2%
- All-time high (1988)
- 6.4%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2006, the difference is minimal (-1.0 percentage point).
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- June: -2.0 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| March | 2.5% | -0.8 |
| June | 2.0% | -2.0 |
| September | 1.8% | -1.7 |
| December | 3.2% | +0.6 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 04/01/2026.