In the June 2012 quarter compared with the March 2012 quarter:
- The consumers price index (CPI) rose 0.3 percent.
- The main upward contribution came from the housing and household utilities group (up 1.0 percent), reflecting higher electricity prices, rentals for housing, and purchase of new housing.
- Alcoholic beverages and tobacco prices rose 0.7 percent, reflecting higher beer prices.
- Food prices rose 0.1 percent. Seasonally higher vegetable prices were partly offset by cheaper fresh milk.
- The main downward contribution came from lower prices for the communication group (down 2.5 percent), reflecting a fall in telecommunication services.
From the June 2011 quarter to the June 2012 quarter:
- The CPI increased 1.0 percent. This is the smallest annual movement since a 0.5 percent increase for the year to the December 1999 quarter.
The CPI measures the rate of price change of goods and services purchased by New Zealand households. Statistics NZ visits 3,000 shops around New Zealand to collect prices for the CPI and check product sizes and features.
|17 July 2012