New Zealand household perceived inflation and expectations by horizon; %, June 2026.
New Zealand households’ current inflation perception is compared with their one-, two- and five-year expectations in June 2026. The values are medians from the household expectations survey and describe respondents’ views rather than measured CPI inflation. Current perceived inflation and the one-year expectation were both 5.0%. The two-year expectation was 4.0% and the five-year expectation was 3.0%, producing a 2.0-point range.
| Rank | Entry | Value | Period |
|---|---|---|---|
| 1 | Current perceived inflation | 5.0% | Jun 2026 |
| 2 | One year ahead | 5.0% | Jun 2026 |
| 3 | Two years ahead | 4.0% | Jun 2026 |
| 4 | Five years ahead | 3.0% | Jun 2026 |
Source 1: Reserve Bank of New Zealand Household Inflation Expectations
Publisher: Reserve Bank of New Zealand
Dataset/table: Household Inflation Expectations
Units: percent
Date checked: 2026-07-18
Evidence: Provides the official median current inflation perception and future expectations values used for June 2026.
The household survey is weighted to the adult population, and its figures are perceptions and expectations rather than measured inflation.
The June 2026 median perceived-inflation value and three expectation horizons are retained in source order and compared on one percent scale.
Every value uses the same RBNZ household expectations survey, weighting basis, period and stated expectation measure.
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