Current Inflation Rate 2024 Nz. New zealand inflation rate for 2021 was 3.94% , a 2.23% increase from 2020. Housing and household utilities, the largest contributor to the december 2023 quarter annual inflation rate, was mainly driven by higher prices for rent, construction, and rates.

Housing and household utilities, the largest contributor to the december 2023 quarter annual inflation rate, was mainly driven by higher prices for rent, construction, and rates. This was due to rising prices for vegetables;