Source: Statistics New Zealand
Annual inflation at 4.1 percent in June 2026 – news story
21 July 2026
New Zealand’s consumers price index (CPI) increased 4.1 percent in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today.
The 4.1 percent increase follows a 3.1 percent increase in the 12 months to the March 2026 quarter. The Reserve Bank of New Zealand’s target band for the annual inflation rate is 1 to 3 percent.
The largest upwards contributor to the annual inflation rate was petrol, up 27.5 percent.
“Higher petrol prices accounted for almost a quarter of the 4.1 percent annual increase,” prices and deflators spokesperson Nicola Growden said.
Diesel prices also increased, up 71 percent (7.7 percent contribution to the 4.1 percent annual inflation rate).