Current Inflation Rate 2024 Nz News. Current consumer price inflation remains above the committee’s 1 to 3 percent target range. Annual inflation remains at 7.2 percent.

Annual inflation has eased to its lowest level in nearly three years. Restrictive monetary policy has significantly reduced consumer price inflation, with the committee expecting headline inflation to return to within the 1 to 3 percent target range in the second half of this year.