Inflation New Zealand 2008
Average inflation: 4.0%
Current Inflation
Inflation is high at 4.0%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.1%. The lowest inflation was in March at 3.4%.
- Highest month
- September: 5.1%
- Lowest month
- March: 3.4%
- Difference
- 1.7 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 14.2%. The lowest price increase was in Core inflation with an average of 1.9%.
- Highest increase
- Energy: 14.2%
- Lowest increase
- Core inflation: 1.9%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 2.5%
- All-time high (1990)
- 6.1%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+1.6 percentage point).
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- September: +3.3 percentage points
ECB Target
Inflation is 2.0% 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 €104.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| March | 3.4% | +0.9 |
| June | 4.0% | +2.0 |
| September | 5.1% | +3.3 |
| December | 3.4% | +0.2 |
| Average | 4.0% |
Data source
Data from WorldBank. Last updated: 04/01/2026.