Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
Higher annual prices were recorded for local authority rates and payments; actual rentals for housing, up 3.2 percent; and electricity, up 8.4 percent.
On a seasonally adjusted quarterly basis, inflation rose 0.5 percent - again missing expectations for 0.6 percent and down from 0.09 percent in the previous quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.