Inflation New Zealand 2018
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in September at 1.9%. The lowest inflation was in March at 1.1%.
- Highest month
- September: 1.9%
- Lowest month
- March: 1.1%
- Difference
- 0.8 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 7.5%. The lowest price increase was in Food with an average of -0.2%.
- Highest increase
- Energy: 7.5%
- Lowest increase
- Food: -0.2%
Historical Context
Current inflation is around the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1.6%
- All-time high (2011)
- 4%
- All-time low (1999)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2017, the difference is minimal (-0.3 percentage point).
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- March: -1.1 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| March | 1.1% | -1.1 |
| June | 1.5% | -0.2 |
| September | 1.9% | 0.0 |
| December | 1.9% | +0.3 |
| Average | 1.6% |
Data source
Data from WorldBank. Last updated: 04/01/2026.