New Zealand Dollar Inflation Calculator
NZ$ 100 in 1959 has the same buying power as NZ$ 3,013 in 2026.
Convert New Zealand Dollar between any two years
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Results
NZ$ 100 in 2001 is worth NZ$ 189.01 in 2026
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Inflation analysis
Inflation in New Zealand
New Zealand inflation is 3.10% in 2026, following 2.84% in 2025. 68 years of data are available, from 1959.
New Zealand holds a genuine claim to monetary history: the Reserve Bank Act of 1989 made it the first country in the world to adopt a formal, legislated inflation target. Almost every inflation-targeting framework in use today descends from that experiment.
The reform came after a difficult period — New Zealand inflation ran in double digits through much of the 1970s and 1980s, peaking above 17%. The contrast before and after 1990 in this series is one of the clearest illustrations anywhere of what inflation targeting changed.
The Reserve Bank of New Zealand targets 1–3% inflation, with a focus on the 2% midpoint.
Cumulative New Zealand inflation over common spans
How much prices have risen in total over the last few years and decades, and what NZ$ 100 at the start of each span is worth in 2026 money.
| Range | Years | Cumulative inflation | Average per year | NZ$ 100 becomes |
|---|---|---|---|---|
| 2025 to 2026 | 1 | 3.10% | 3.10% | NZ$ 103.10 |
| 2023 to 2026 | 3 | 9.13% | 2.95% | NZ$ 109.13 |
| 2021 to 2026 | 5 | 23.66% | 4.34% | NZ$ 123.66 |
| 2016 to 2026 | 10 | 37.48% | 3.23% | NZ$ 137.48 |
| 2011 to 2026 | 15 | 43.57% | 2.44% | NZ$ 143.57 |
| 2006 to 2026 | 20 | 66.06% | 2.57% | NZ$ 166.06 |
| 2001 to 2026 | 25 | 89.01% | 2.58% | NZ$ 189.01 |
| 1996 to 2026 | 30 | 103.72% | 2.40% | NZ$ 203.72 |
| 1986 to 2026 | 40 | 218.91% | 2.94% | NZ$ 318.91 |
| 1976 to 2026 | 50 | 985.65% | 4.89% | NZ$ 1,086 |
New Zealand CPI and inflation rate by year
The full annual series behind this calculator, from 1959 to 2026. The final column shows what NZ$ 100 in that year is worth in 2026 money.
| Year | CPI index | Inflation | NZ$ 100 then, in 2026 |
|---|---|---|---|
| 2026 | 138.36 | 3.10% | NZ$ 100 |
| 2025 | 134.20 | 2.84% | NZ$ 103.10 |
| 2024 | 130.50 | 2.92% | NZ$ 106.03 |
| 2023 | 126.79 | 5.73% | NZ$ 109.13 |
| 2022 | 119.92 | 7.17% | NZ$ 115.38 |
| 2021 | 111.89 | 3.94% | NZ$ 123.66 |
| 2020 | 107.65 | 1.71% | NZ$ 128.53 |
| 2019 | 105.83 | 1.62% | NZ$ 130.74 |
| 2018 | 104.15 | 1.60% | NZ$ 132.85 |
| 2017 | 102.51 | 1.85% | NZ$ 134.98 |
| 2016 | 100.65 | 0.65% | NZ$ 137.48 |
| 2015 | 100.00 | 0.29% | NZ$ 138.36 |
| 2014 | 99.71 | 1.23% | NZ$ 138.77 |
| 2013 | 98.50 | 1.13% | NZ$ 140.47 |
| 2012 | 97.39 | 1.06% | NZ$ 142.07 |
| 2011 | 96.37 | 4.03% | NZ$ 143.57 |
| 2010 | 92.64 | 2.30% | NZ$ 149.35 |
| 2009 | 90.56 | 2.12% | NZ$ 152.79 |
| 2008 | 88.68 | 3.96% | NZ$ 156.02 |
| 2007 | 85.30 | 2.38% | NZ$ 162.20 |
| 2006 | 83.32 | 3.37% | NZ$ 166.06 |
| 2005 | 80.61 | 3.04% | NZ$ 171.64 |
| 2004 | 78.23 | 2.29% | NZ$ 176.86 |
| 2003 | 76.48 | 1.75% | NZ$ 180.91 |
| 2002 | 75.16 | 2.68% | NZ$ 184.08 |
| 2001 | 73.21 | 2.63% | NZ$ 189.01 |
| 2000 | 71.33 | 2.62% | NZ$ 193.97 |
| 1999 | 69.51 | -0.11% | NZ$ 199.04 |
| 1998 | 69.59 | 1.27% | NZ$ 198.82 |
| 1997 | 68.72 | 1.19% | NZ$ 201.33 |
| 1996 | 67.92 | 2.29% | NZ$ 203.72 |
| 1995 | 66.40 | 3.75% | NZ$ 208.38 |
| 1994 | 64.00 | 1.75% | NZ$ 216.20 |
| 1993 | 62.90 | 1.29% | NZ$ 219.98 |
| 1992 | 62.10 | 1.01% | NZ$ 222.81 |
| 1991 | 61.48 | 2.60% | NZ$ 225.07 |
| 1990 | 59.92 | 6.10% | NZ$ 230.93 |
| 1989 | 56.47 | 5.72% | NZ$ 245.01 |
| 1988 | 53.42 | 6.38% | NZ$ 259.02 |
| 1987 | 50.22 | 15.74% | NZ$ 275.53 |
| 1986 | 43.39 | 13.21% | NZ$ 318.91 |
| 1985 | 38.32 | 15.42% | NZ$ 361.05 |
| 1984 | 33.20 | 6.17% | NZ$ 416.71 |
| 1983 | 31.27 | 7.34% | NZ$ 442.43 |
| 1982 | 29.13 | 16.16% | NZ$ 474.91 |
| 1981 | 25.08 | 15.37% | NZ$ 551.67 |
| 1980 | 21.74 | 17.15% | NZ$ 636.46 |
| 1979 | 18.56 | 13.70% | NZ$ 745.62 |
| 1978 | 16.32 | 11.96% | NZ$ 847.77 |
| 1977 | 14.58 | 14.38% | NZ$ 949.13 |
| 1976 | 12.74 | 16.91% | NZ$ 1,086 |
| 1975 | 10.90 | 14.68% | NZ$ 1,269 |
| 1974 | 9.51 | 11.11% | NZ$ 1,456 |
| 1973 | 8.56 | 8.17% | NZ$ 1,617 |
| 1972 | 7.91 | 6.93% | NZ$ 1,749 |
| 1971 | 7.40 | 10.39% | NZ$ 1,871 |
| 1970 | 6.70 | 6.52% | NZ$ 2,065 |
| 1969 | 6.29 | 4.93% | NZ$ 2,200 |
| 1968 | 6.00 | 4.31% | NZ$ 2,308 |
| 1967 | 5.75 | 6.06% | NZ$ 2,407 |
| 1966 | 5.42 | 2.76% | NZ$ 2,553 |
| 1965 | 5.27 | 3.40% | NZ$ 2,624 |
| 1964 | 5.10 | 3.47% | NZ$ 2,713 |
| 1963 | 4.93 | 1.97% | NZ$ 2,807 |
| 1962 | 4.83 | 2.68% | NZ$ 2,862 |
| 1961 | 4.71 | 1.80% | NZ$ 2,939 |
| 1960 | 4.62 | 0.70% | NZ$ 2,992 |
| 1959 | 4.59 | — | NZ$ 3,013 |
Popular New Zealand Dollar comparisons
- NZ$ 100 in 2025 → NZ$ 103.10
- NZ$ 100 in 2024 → NZ$ 106.03
- NZ$ 100 in 2023 → NZ$ 109.13
- NZ$ 100 in 2022 → NZ$ 115.38
- NZ$ 100 in 2021 → NZ$ 123.66
- NZ$ 100 in 2020 → NZ$ 128.53
- NZ$ 100 in 2010 → NZ$ 149.35
- NZ$ 100 in 2000 → NZ$ 193.97
- NZ$ 100 in 1990 → NZ$ 230.93
- NZ$ 100 in 1980 → NZ$ 636.46
- NZ$ 100 in 1970 → NZ$ 2,065
- NZ$ 100 in 1960 → NZ$ 2,992
Browse every year
A detailed page for each start year, from 1959 to 2025.
1950s
New Zealand inflation FAQ
- What is the current inflation rate in New Zealand?
- New Zealand inflation was 3.10% in 2026, the most recent year in this dataset, measured as the change in the annual average consumer price index from 2025. The Reserve Bank of New Zealand targets 1–3% inflation, with a focus on the 2% midpoint.
- How much has New Zealand Dollar lost in value since 1959?
- NZ$ 100 in 1959 has the same purchasing power as NZ$ 3,013 in 2026. That is cumulative inflation of 2,912.65% over 67 years, an average of 5.21% per year.
- What years does this New Zealand inflation calculator cover?
- This calculator covers 68 years, from 1959 to 2026. You can convert an amount between any two years in that range.
- Can New Zealand Dollar inflation be negative?
- Yes. Negative inflation, or deflation, means prices fell and New Zealand Dollar gained purchasing power over that year. New Zealand recorded deflation in 1 of the 67 years measured here, most recently in 1999. The steepest fall was -0.11% in 1999.
- What is the difference between CPI and the inflation rate?
- The consumer price index (CPI) is a level: it measures the cost of a fixed basket of goods and services in a given year. The inflation rate is the percentage change in that level between two periods. This calculator uses the ratio of CPI values for your two chosen years to convert an amount between them.
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