Inflation New Zealand 2011
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 June at 5.3%. The lowest inflation was in December at 1.8%.
- Highest month
- June: 5.3%
- Lowest month
- December: 1.8%
- Difference
- 3.5 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 12.3%. The lowest price increase was in Core inflation with an average of 2.7%.
- Highest increase
- Energy: 12.3%
- Lowest increase
- Core inflation: 2.7%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 3.0%. This approaches the highest level since records began (4.0% in 2011).
- 5-year average
- 3%
- 10-year average
- 2.8%
- All-time high (2011)
- 4%
- All-time low (1999)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2010, inflation has risen by +1.7 percentage point.
- Change vs. previous year
- +1.7 percentage points
- Largest monthly swing
- June: +3.6 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 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| March | 4.5% | +2.5 |
| June | 5.3% | +3.6 |
| September | 4.6% | +3.1 |
| December | 1.8% | -2.2 |
| Average | 4.0% |
Data source
Data from WorldBank. Last updated: 04/01/2026.