Inflation Rate Trends and Forecast for New Zealand from 1990 to 2029

New Zealand’s inflation dropped significantly in the early 1990s, from 6.1% in 1990 to 1.0% in 1992, reflecting monetary policy reforms targeting price stability. Inflation spiked to 4.0% in 2008 amid the global financial crisis but remained stable around 2% until 2021. In 2022, inflation surged to 7.2%, driven by global supply chain disruptions and rising commodity prices.

Projections show a gradual decline to 2.0% by 2028, indicating the effectiveness of New Zealand’s inflation-targeting policies in achieving long-term price stability.