New Zealand Inflation Rate

Inflation measures the pricing levels in goods and services. New Zealand inflation rate is measured year-by-year 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 dropped on a yearly basis for Q2 of 2017, compared to previous period’s value. Results were reported at 1.7%, sliding down from previous period’s value of 2.2% and missing on expectations of 1.9%. Inflation Rate in New Zealandpeaked at an all-time high point of44% in the third quarter of 1918and hit rock-bottom at-15.30% in the first quarter of 1923.