Inflation New Zealand 2017
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 2.2%. The lowest inflation was in December at 1.6%.
- Highest month
- March: 2.2%
- Lowest month
- December: 1.6%
- Difference
- 0.6 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 4.8%. The lowest price increase was in Core inflation with an average of 1.4%.
- Highest increase
- Energy: 4.8%
- Lowest increase
- Core inflation: 1.4%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 1.9%
- All-time high (2011)
- 4%
- All-time low (1999)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +1.3 percentage point.
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- March: +1.8 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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| March | 2.2% | +1.8 |
| June | 1.7% | +1.3 |
| September | 1.9% | +1.5 |
| December | 1.6% | +0.3 |
| Average | 1.9% |
Data source
Data from WorldBank. Last updated: 04/01/2026.