Inflation New Zealand 2016
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.3%. The lowest inflation was in March at 0.4%.
- Highest month
- December: 1.3%
- Lowest month
- March: 0.4%
- Difference
- 0.9 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.4%. The lowest price increase was in Energy with an average of -2.7%.
- Highest increase
- Core inflation: 1.4%
- Lowest increase
- Energy: -2.7%
Historical Context
Current inflation is around the 5-year average of 0.9%.
- 5-year average
- 0.9%
- 10-year average
- 1.9%
- All-time high (2011)
- 4%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- December: +1.2 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
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 €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| March | 0.4% | +0.1 |
| June | 0.4% | 0.0 |
| September | 0.4% | 0.0 |
| December | 1.3% | +1.2 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 04/01/2026.