Core inflation inflation
New Zealand
What's included in core inflation?
Core inflation excluding food and energy (World Bank category)
Historical trend
Comparison between core inflation inflation (dark line) and overall inflation (light line). Data available from 1971.
Recent years
| Year | Core inflation | Overall | Difference |
|---|---|---|---|
| 2024 | 3.5% | 2.9% | +0.6 |
| 2023 | 5.7% | 5.7% | -0.0 |
| 2022 | 6.0% | 7.1% | -1.1 |
| 2021 | 3.7% | 3.9% | -0.2 |
| 2020 | 2.2% | 1.7% | +0.5 |
| 2019 | 1.8% | 1.6% | +0.2 |
| 2018 | 1.2% | 1.6% | -0.4 |
| 2017 | 1.4% | 1.9% | -0.5 |
| 2016 | 1.4% | 0.6% | +0.8 |
| 2015 | 1.1% | 0.3% | +0.8 |
Data source: WorldBank | Available from 1997