New Zealand Inflation Rate MoM

Consumer Price Index measures the pricing levels in goods and services. New Zealand inflation rate MoM is measured month-by-month by Statistics New Zealand. Inflation happens when prices rise, whereas purchasing value falls, put simpler, when too much money is chasing too few products.

 New Zealand’s Inflation Rate

New Zealand’s Inflation Rate fell flat on a quarterly basis for Q2 of 2017, compared to previous month’s value. Results were reported at 0.0%, tumbling from previous quarter’s value of 1.0%. Inflation Rate MoM in New Zealandpeaked at an all-time high point of8.91% in the fourth quarter of 1986and hit rock-bottom at-0.81% in the fourth quarter of 1998.