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New Zealand Inflation Rate Mom
Last Release
Mar 31, 2025
Actual
0.9
Units In
%
Previous
0.5
Frequency
Quarterly
Next Release
Jul 20, 2025
Time to Release
3 Months 1 Days 13 Hours
Highest | Lowest | Average | Date Range | Source |
8.9 Dec 1986 | -4.1 Jun 1932 | 1.05 % | 1925-2025 | Statistics New Zealand |
Inflation Rate MoM measures month over month change in the price of goods and services.
Latest Updates
The Consumer Price Index in New Zealand picked up to 0.9% in March quarter of 2025 over the previous quarter following a 0.5% increase in the three month to December 2024. It marked the highest reading since September
2023, compared to market estimates of 0.7% rise. The largest contributor to the quarterly rise was petrol prices, which climbed 4.6%, accounting for 17% of the overall 0.9% increase. Prices for tertiary and other post-school education surged 22.6% in the March 2025 quarter, contributing 11% to the total CPI rise. This jump follows the end of the first-year Fees Free program at the close of 2024, which was replaced by a final-year Fees Free scheme beginning on 1 January 2025. Students who previously claimed the first-year Fees Free benefit are not eligible for the final-year scheme, resulting in more students bearing the full cost of study in 2025. On an annual basis, consumer prices rose 2.5% in the March quarter, up from a 2.2% increase recorded in the previous period.
New Zealand Inflation Rate Mom History
Last 12 readings