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New Zealand: Inflation ticks up in Q3
Latest reading: Inflation rose to 3.0% in Q3 2025 from 2.7% in Q2, in line with market expectations and hitting the top of the Central Bank’s 1.0%–3.0% target band. As earlier in the year, large contributors to Q3’s year-on-year increase in prices were housing rents, local authority rates, and electricity prices. Core inflation rose to 2.6% from 2.4%.
Meanwhile, consumer prices rose 1.0% from the previous quarter in Q3, coming in above Q2’s 0.5% rise.
