New Zealand - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in New Zealand was 120.78 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 120.78 in 2021 and a minimum value of 4.99 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 4.99
1961 5.08
1962 5.22
1963 5.32
1964 5.51
1965 5.69
1966 5.85
1967 6.20
1968 6.47
1969 6.79
1970 7.23
1971 7.98
1972 8.54
1973 9.23
1974 10.26
1975 11.77
1976 13.76
1977 15.74
1978 17.62
1979 20.03
1980 23.47
1981 27.07
1982 31.45
1983 33.76
1984 35.84
1985 41.37
1986 46.83
1987 54.21
1988 57.66
1989 60.96
1990 64.68
1991 66.36
1992 67.03
1993 67.90
1994 69.08
1995 71.67
1996 73.31
1997 74.18
1998 75.12
1999 75.04
2000 77.00
2001 79.02
2002 81.14
2003 82.56
2004 84.45
2005 87.01
2006 89.94
2007 92.08
2008 95.72
2009 97.75
2010 100.00
2011 104.03
2012 105.13
2013 106.32
2014 107.63
2015 107.94
2016 108.64
2017 110.65
2018 112.42
2019 114.24
2020 116.20
2021 120.78

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices