New Zealand inflation rate
New Zealand inflation summary for September 2026
Updated: October 22, 2026
Next update: January 27, 2027
Current New Zealand inflation rate
September 2026
3.7%
The Consumer Price Index for New Zealand is 1368 for the month of September 2026. The inflation rate year over year is 3.7% (compared to 4.1% for the previous quarter). Inflation from June 2026 to September 2026 was 0.7%.
Previous New Zealand Inflation Rate
June 2026
4.1%
Quarter-to-Quarter New Zealand Inflation Rate
June 2026 to September 2026
0.7%
Recent inflation rates for New Zealand
| Year | mar | jun | sep | dec | Annual |
|---|---|---|---|---|---|
| 2026 | 3.1% | 4.1% | 3.7% | ||
| 2025 | 2.5% | 2.7% | 3.0% | 3.1% | 2.8% |
| 2024 | 4.0% | 3.3% | 2.2% | 2.2% | 2.9% |
| 2023 | 6.7% | 6.0% | 5.6% | 4.7% | 5.7% |
| 2022 | 6.9% | 7.3% | 7.2% | 7.2% | 7.2% |
Additional resources
All inflation rates are calculated using the New Zealand Consumer Price Index (CPI) series.