Consumers Price Index: June 2026 Quarter

The consumers price index (CPI) measures the rate of price change of goods and services purchased by New Zealand households.

Key facts

The following table shows the price changes for the June 2026 quarter.

Quarterly change

Within the 1.5 percent rise in the CPI in the June 2026 quarter, higher prices were recorded for:

• petrol, up 20.1 percent (49.5 percent contribution to the 1.5 percent rise for all groups)
• other vehicle fuels and lubricants, up 47.7 percent (16.2 percent contribution to all groups)
• purchase of housing, up 1.6 percent (10.2 percent contribution to all groups).

Lower prices were recorded for:

• fruit, down 8.5 percent (-6.3 percent contribution to all groups)
• domestic accommodation services, down 12.0 percent (-5.6 percent contribution to all groups).

Annual change

Within the 4.1 percent increase in the CPI in the 12 months to the June 2026 quarter, higher prices were recorded for:

• petrol, up 27.5 percent (23.5 percent contribution to the 4.1 percent rise for all groups)
• electricity, up 12.0 percent (8.4 percent contribution to all groups)
• other vehicle fuels and lubricants, up 71.0 percent (7.7 percent contribution to all groups).

Lower prices were recorded for:

• oils and fats, down 9.1 percent (-0.9 percent contribution to all groups)
• real estate services, down 4.6 percent (-0.7 percent contribution to all groups).

Distribution of CPI annual price change

In the 12 months to the June 2026 quarter, 83.4 percent of the CPI basket increased in price.

In the 12 months to June 2026, 14.4 percent of the CPI basket increased by between 3.0 and 5.0 percent, up from 9.6 percent in the 12 months to March 2026.

Tradeable and non-tradeable inflation

Tradeable inflation measures final goods and services that are influenced by foreign markets.

Within the 4.9 percent increase in tradeable inflation in the 12 months to the June 2026 quarter, higher prices were recorded for:

• petrol, up 27.5 percent (46.4 percent contribution to the 4.9 percent rise for all groups tradeable)
• other vehicle fuels and lubricants, up 71.0 percent (15.1 percent contribution to all groups tradeable).

Lower prices were recorded for:

• oils and fats, down 9.1 percent (-1.7 percent contribution to all groups tradeable)
• audio-visual equipment, down 18.4 percent (-1.4 percent contribution to all groups tradeable).

Non-tradeable inflation measures final goods and services that do not face foreign competition and is an indicator of domestic demand and supply conditions. However, the inputs of these goods and services can be influenced by foreign competition.

Within the 3.4 percent increase in non-tradeable inflation in the 12 months to the June 2026 quarter, higher prices were recorded for:

• electricity, up 12.0 percent (17.0 percent contribution to the 3.4 percent rise for all groups non-tradeable)
• local authority rates, up 8.8 percent (13.6 percent contribution to all groups non-tradeable).

Lower prices were recorded for:

• milk, cheese, and eggs, down 9.0 percent (-1.7 percent contribution to all groups non-tradeable)
• real estate services, down 4.6 percent (-1.5 percent contribution to all groups non-tradeable).

Annual inflation, international comparisons

OECD Inflation has more data on international inflation rates.

Catch-up movement for pharmaceutical products

This release includes a catch-up movement for prescription charges within the pharmaceutical products class. We use data from the previous year to estimate prescription uptake. We have incorporated updated uptake data and resolved a processing issue.

Price index methods – updates for the June 2026 quarter has more detail.

Without the catch-up movement, pharmaceutical products would have increased 0.1 percent in the June 2026 quarter compared with the March 2026 quarter. With the catch-up movement, the series decreased 3.3 percent. The pharmaceutical products class represents 0.8 percent of the CPI basket.

More data

Use Infoshare to access the CPI time series:

Subject category: Economic indicators
Group: Consumers price index

Definitions and metadata

Consumers price index concepts – DataInfo+ gives definitions of terms used in this release and general methodology used to produce the CPI and related metadata.

Consumers price index – DataInfo+ gives general methodology used to produce the CPI and related metadata.

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Technical enquiries

Prices and deflators team
[email protected]
04 931 4600

ISSN 1178-0452

Next release

Consumers price index: September 2026 quarter will be released on 22 October 2026.