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:

• Annual inflation at 3.0 percent in September 2025:https://www.stats.govt.nz/news/annual-inflation-at-3-0-percent-in-september-2025/
• Consumers price index: September 2025 quarter: https://www.stats.govt.nz/information-releases/consumers-price-index-september-2025-quarter/
• CSV files for download: https://www.stats.govt.nz/large-datasets/csv-files-for-download/

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