Inflation New Zealand 2019
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 December at 1.9%. The lowest inflation was in March at 1.5%.
- Highest month
- December: 1.9%
- Lowest month
- March: 1.5%
- Difference
- 0.4 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.8%. The lowest price increase was in Energy with an average of 1.0%.
- Highest increase
- Core inflation: 1.8%
- Lowest increase
- Energy: 1.0%
Historical Context
Current inflation is around the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 1.6%
- All-time high (2011)
- 4%
- All-time low (2015)
- 0.3%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- March: +0.4 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 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| March | 1.5% | +0.4 |
| June | 1.7% | +0.2 |
| September | 1.5% | -0.4 |
| December | 1.9% | 0.0 |
| Average | 1.6% |
Data source
Data from WorldBank. Last updated: 04/01/2026.