Source: Statistics New Zealand
Annual inflation at 2.2 percent in December 2024 – 22 January 2025 – New Zealand’s consumers price index (CPI) increased 2.2 percent in the December 2024 quarter, compared with the December 2023 quarter, according to figures released by Stats NZ today.
The 2.2 percent annual increase follows a 2.2 percent annual increase in the September 2024 quarter.
“This is the second consecutive quarter that the annual inflation rate has been within the Reserve Bank of New Zealand’s target band of 1 to 3 percent,” prices and deflators spokesperson Nicola Growden said.
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