New Zealand - Inflation Rate 2023
5.73%
−1.44pp from 2022
New Zealand's inflation rate was 5.73% in 2023, decreased +1.44pp from 7.17% in 2022. This was the 95th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Afghanistan | -4.64% | -143.8% |
| 2nd | Turkmenistan | -1.59% | -114.2% |
| 3rd | Seychelles | -1.04% | -139.3% |
| 4th | Bahrain | 0.07% | -97.9% |
| 5th | China | 0.23% | -88.1% |
| 6th | Brunei Darussalam | 0.36% | -90.3% |
| 7th | Macao SAR, China | 0.48% | -54.4% |
| 8th | Costa Rica | 0.53% | -93.7% |
| 9th | Burkina Faso | 0.74% | -94.6% |
| 10th | Yemen, Republic of | 0.86% | -97.1% |
| 11th | Oman | 0.95% | -62.2% |
| 12th | Panama | 1.49% | -48.0% |
| 13th | Djibouti | 1.50% | -71.1% |
| 14th | United Arab Emirates | 1.63% | -66.3% |
| 15th | Armenia | 1.98% | -77.4% |
| 16th | Mali | 2.06% | -78.8% |
| 17th | Jordan | 2.08% | -50.7% |
| 18th | Hong Kong SAR, China | 2.10% | 11.5% |
| 19th | Cambodia | 2.13% | -60.1% |
| 20th | Liechtenstein | 2.14% | -24.7% |
| 21st | Switzerland | 2.14% | -24.7% |
| 22nd | Ecuador | 2.22% | -36.1% |
| 23rd | Papua New Guinea | 2.30% | -56.2% |
| 24th | Saudi Arabia | 2.33% | -5.9% |
| 25th | Fiji | 2.34% | -45.7% |
| 26th | Libya | 2.37% | -47.4% |
| 27th | South Sudan | 2.38% | 174.2% |
| 28th | Georgia | 2.49% | -79.1% |
| 29th | Malaysia | 2.49% | -26.3% |
| 30th | Bolivia, Plurinational State of | 2.58% | 47.5% |
| 31st | Grenada | 2.70% | 5.3% |
| 32nd | Benin | 2.74% | 102.7% |
| 33rd | Guyana | 2.82% | -56.5% |
| 34th | Equatorial Guinea | 2.86% | -41.3% |
| 35th | Maldives | 2.93% | 12.6% |
| 36th | Central African Republic | 2.98% | -46.6% |
| 37th | Qatar | 3.03% | -39.0% |
| 38th | Bahamas, The | 3.05% | -45.5% |
| 39th | Viet Nam | 3.25% | 3.0% |
| 40th | Japan | 3.27% | 30.9% |
| 41st | Denmark | 3.31% | -61.3% |
| 42nd | Aruba | 3.36% | -39.1% |
| 43rd | Greece | 3.46% | -62.7% |
| 44th | Puerto Rico (US) | 3.48% | -42.2% |
| 45th | Spain | 3.53% | -57.6% |
| 46th | Cyprus | 3.54% | -56.3% |
| 47th | St. Kitts and Nevis | 3.56% | 33.3% |
| 48th | Korea | 3.60% | -29.3% |
| 49th | Gabon | 3.63% | -14.6% |
| 50th | Kuwait | 3.64% | -8.5% |
| 51st | Tajikistan | 3.65% | -45.0% |
| 52nd | Indonesia | 3.67% | -11.3% |
| 53rd | Niger | 3.70% | -12.5% |
| 54th | Cabo Verde | 3.72% | -53.0% |
| 55th | Luxembourg | 3.74% | -54.1% |
| 56th | Tanzania | 3.80% | -12.7% |
| 57th | Netherlands | 3.84% | -67.0% |
| 58th | Canada | 3.88% | -42.8% |
| 59th | El Salvador | 4.05% | -43.8% |
| 60th | Belgium | 4.05% | -60.8% |
| 61st | St. Lucia | 4.07% | -36.2% |
| 62nd | United States | 4.12% | -48.5% |
| 63rd | Israel | 4.23% | -3.9% |
| 64th | Bhutan | 4.23% | -28.9% |
| 65th | Congo, Republic of | 4.30% | 42.2% |
| 66th | Portugal | 4.31% | -46.8% |
| 67th | Iraq | 4.36% | -12.6% |
| 68th | Côte d'Ivoire | 4.37% | -16.6% |
| 69th | Belize | 4.39% | -30.0% |
| 70th | St. Vincent and the Grenadines | 4.56% | -19.4% |
| 71st | Brazil | 4.59% | -50.5% |
| 72nd | Trinidad and Tobago | 4.63% | -20.5% |
| 73rd | Paraguay | 4.63% | -52.6% |
| 74th | Albania | 4.76% | -29.3% |
| 75th | Nauru | 4.78% | 317.3% |
| 76th | Dominican Republic | 4.79% | -45.7% |
| 77th | Singapore | 4.83% | -21.2% |
| 78th | France | 4.88% | -17.4% |
| 79th | Kosovo | 4.94% | -57.3% |
| 80th | Eswatini | 4.95% | 3.1% |
| 81st | Mauritania | 4.95% | -48.2% |
| 82nd | Belarus | 5.00% | -67.2% |
| 83rd | Antigua and Barbuda | 5.07% | -32.7% |
| 84th | Botswana | 5.07% | -58.4% |
| 85th | Dominica | 5.09% | -34.0% |
| 86th | Malta | 5.09% | -16.9% |
| 87th | Uganda | 5.35% | -25.6% |
| 88th | Togo | 5.49% | -28.0% |
| 89th | Norway | 5.52% | -4.3% |
| 90th | Mexico | 5.53% | -30.0% |
| 91st | Australia | 5.60% | -15.9% |
| 92nd | Andorra | 5.61% | -9.6% |
| 93rd | Italy | 5.62% | -35.6% |
| 94th | India | 5.65% | -15.1% |
| 95th | New Zealand | 5.73% | -20.1% |
| 96th | Russian Federation | 5.87% | -57.3% |
| 97th | Uruguay | 5.87% | -35.5% |
| 98th | West Bank and Gaza | 5.87% | 57.0% |
| 99th | Namibia | 5.88% | -3.2% |
| 100th | Solomon Islands | 5.89% | 8.9% |
| 101st | San Marino | 5.93% | 11.4% |
| 102nd | Senegal | 5.94% | -38.7% |
| 103rd | Germany | 5.95% | -31.4% |
| 104th | Philippines | 5.98% | 2.7% |
| 105th | South Africa | 6.08% | -11.5% |
| 106th | Morocco | 6.09% | -8.3% |
| 107th | Bosnia and Herzegovina | 6.11% | -56.4% |
| 108th | Somalia, Fed. Rep. | 6.17% | -8.9% |
| 109th | Guatemala | 6.21% | -9.8% |
| 110th | Micronesia, Federated States of | 6.21% | 23.7% |
| 111th | Finland | 6.25% | -12.8% |
| 112th | Ireland | 6.30% | -22.0% |
| 113th | European Union | 6.30% | -28.7% |
| 114th | Lesotho | 6.34% | -22.2% |
| 115th | Tonga | 6.35% | -3.0% |
| 116th | Peru | 6.46% | -18.0% |
| 117th | Jamaica | 6.47% | -37.4% |
| 118th | Honduras | 6.66% | -26.7% |
| 119th | United Kingdom | 6.79% | -25.1% |
| 120th | Mauritius | 7.05% | -34.6% |
| 121st | Guinea-Bissau | 7.10% | -10.3% |
| 122nd | Nepal | 7.12% | 11.7% |
| 123rd | Mozambique | 7.13% | -31.3% |
| 124th | Tuvalu | 7.17% | -41.1% |
| 125th | Cameroon | 7.38% | 18.1% |
| 126th | Marshall Islands | 7.44% | 168.1% |
| 127th | Slovenia | 7.45% | -15.7% |
| 128th | Chile | 7.58% | -34.9% |
| 129th | Kenya | 7.67% | 0.3% |
| 130th | Guinea | 7.80% | -25.7% |
| 131st | Austria | 7.81% | -9.3% |
| 132nd | Samoa | 7.92% | -9.4% |
| 133rd | Croatia | 7.94% | -25.6% |
| 134th | Comoros | 8.37% | -32.7% |
| 135th | Nicaragua | 8.39% | -19.9% |
| 136th | Timor-Leste | 8.42% | 20.2% |
| 137th | Thailand | 8.48% | 39.5% |
| 138th | Sweden | 8.55% | 6.1% |
| 139th | Montenegro | 8.58% | -34.2% |
| 140th | Iceland | 8.74% | 5.2% |
| 141st | Azerbaijan | 8.79% | -36.6% |
| 142nd | Latvia | 8.94% | -48.2% |
| 143rd | Lithuania | 9.12% | -51.7% |
| 144th | Estonia | 9.16% | -52.9% |
| 145th | Kiribati | 9.28% | 73.6% |
| 146th | Algeria | 9.32% | 0.6% |
| 147th | Tunisia | 9.33% | 12.3% |
| 148th | North Macedonia | 9.36% | -34.1% |
| 149th | Bulgaria | 9.44% | -27.5% |
| 150th | Barbados | 9.79% | 124.5% |
| 151st | Madagascar | 9.87% | 21.1% |
| 152nd | Bangladesh | 9.88% | 60.7% |
| 153rd | Uzbekistan | 9.96% | -13.0% |
| 154th | Liberia | 10.09% | 32.9% |
| 155th | Mongolia | 10.35% | -31.7% |
| 156th | Romania | 10.40% | -24.7% |
| 157th | Slovak Republic | 10.53% | -13.2% |
| 158th | Czechia | 10.66% | -29.4% |
| 159th | Kyrgyz Republic | 10.75% | -22.7% |
| 160th | Chad | 10.84% | 85.8% |
| 161st | Zambia | 10.88% | -1.0% |
| 162nd | Vanuatu | 11.18% | 67.4% |
| 163rd | Poland | 11.53% | -18.9% |
| 164th | Colombia | 11.74% | 15.2% |
| 165th | Serbia | 12.37% | 3.3% |
| 166th | Palau | 12.82% | -2.8% |
| 167th | Ukraine | 12.85% | -36.3% |
| 168th | Moldova | 13.42% | -53.3% |
| 169th | Angola | 13.64% | -36.1% |
| 170th | Kazakhstan | 14.72% | -1.7% |
| 171st | Sri Lanka | 16.54% | -63.4% |
| 172nd | Gambia, The | 16.97% | 47.4% |
| 173rd | Hungary | 17.12% | 17.1% |
| 174th | Rwanda | 19.79% | 42.6% |
| 175th | Congo, Democratic Republic of | 19.89% | 114.7% |
| 176th | São Tomé and Principe | 21.26% | 18.1% |
| 177th | Nigeria | 24.66% | 30.8% |
| 178th | Myanmar | 25.49% | -9.0% |
| 179th | Burundi | 26.94% | 42.9% |
| 180th | Malawi | 28.79% | 38.2% |
| 181st | Pakistan | 30.77% | 153.2% |
| 182nd | Lao PDR | 31.23% | 36.0% |
| 183rd | Egypt, Arab Republic of | 33.88% | 298.6% |
| 184th | Haiti | 36.81% | 33.5% |
| 185th | Ghana | 38.11% | 19.4% |
| 186th | Iran, Islamic Republic of | 44.58% | -2.6% |
| 187th | Sierra Leone | 47.64% | 75.1% |
| 188th | Suriname | 51.59% | -1.6% |
| 189th | Türkiye | 53.86% | -25.5% |
| 190th | Sudan | 77.25% | -44.3% |
| 191st | Argentina | 133.49% | 84.3% |
| 192nd | Lebanon | 221.34% | 29.3% |
| 193rd | Zimbabwe | 667.36% | 245.1% |
FAQ
What was New Zealand's inflation rate in 2023?▾
New Zealand's inflation rate in 2023 was 5.73%. This ranked 95th globally.
How did New Zealand's inflation rate change in 2023?▾
New Zealand's inflation rate decreased by 20.1% in 2023 compared to 2022.
Which country had the highest inflation rate in 2023?▾
Zimbabwe had the highest inflation rate in 2023 at 667.36%.
What is the inflation rate of New Zealand in 2023?▾
The inflation rate of New Zealand in 2023 was 5.73%. This ranked 95th globally.
How does 2023 compare to 2022 for New Zealand's inflation rate?▾
New Zealand's inflation rate went from 7.17% in 2022 to 5.73% in 2023, a 20.1% decrease.
Related
2022
2024
All years
Full ranking 2023
Consumer Price Index
PPP Conversion Factor
Peak: 1980
Lowest: 1999
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
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OECD Inflation Rate
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