In the September 2011 quarter compared with the June 2011 quarter:
- The consumers price index (CPI) rose 0.4 percent.
- The main upward contribution came from the food group (up 1.7 percent), reflecting higher prices for vegetables.
- Housing and household utility prices rose 0.7 percent, due mainly to higher prices for local authority rates and payments.
- Transport prices fell 1.0 percent, reflecting lower petrol prices.
From the September 2010 quarter to the September 2011 quarter:
- The CPI increased 4.6 percent, including a 2.3 percent increase in the December 2010 quarter when GST rose from 12.5 to 15 percent.
- If September 2011 quarter prices had been processed with a GST rate of 12.5 percent, the CPI would have risen 2.5 percent for the year to the September 2011 quarter. See the end of the commentary for more information.
The CPI measures the rate of price change of goods and services purchased by households. Statistics NZ visits 3,000 shops around New Zealand to collect prices for the CPI and check product sizes and features.
||25 October 2011|