Current inflation New Zealand 2.2%
December 2024
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Historical Context
Current inflation is 1.4% lower than the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 2.7%
- All-time high (1980)
- 17.2%
- All-time low (1999)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.8 percentage point.
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.90 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 2.9%
- Last year
- 5.7%
- 5-year average
- 2.9%
- All-time high (1980)
- 17.2%