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Annual inflation at 3.0 percent in September 2025 – news story
20 October 2025
Aotearoa New Zealand’s consumers price index (CPI) increased 3.0 percent in the 12 months to the September 2025 quarter, according to figures released by Stats NZ today.
The 3.0 percent increase follows a 2.7 percent increase in the 12 months to the June 2025 quarter. The Reserve Bank of New Zealand’s target band for the annual inflation rate is 1 to 3 percent.
“The 3.0 percent annual inflation rate in the September 2025 quarter is the highest since the June 2024 quarter when it was 3.3 percent,” prices and deflators spokesperson Nicola Growden said.
Visit our website to read this news story and information release and to download CSV files:
For media enquiries contact: Media team, Wellington, media@stats.govt.nz“>media@stats.govt.nz, 021 285 9191
The Government Statistician authorises all statistics and data we publish.
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Ngā mihi,
Publishing
Stats NZ
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