New Zealand’s consumers price index (CPI) increased 4.1 percent in the 12 months to the June 2026 quarter, according to figures released by Stats NZ today.
The largest upwards contributor to the annual inflation rate was petrol, up 27.5 percent.
“Higher petrol prices accounted for almost a quarter of the 4.1 percent annual increase,” prices and deflators spokesperson Nicola Growden said.
If petrol and diesel prices had not changed, the CPI would have risen 2.9 percent in the 12 months to the June 2026 quarter.
So while it doesn’t make things easier for consumers, good to know it would have been under 3% without the Iran war.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders
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