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Annual change. +2.2%. September 2024 year. The consumers price index (CPI) is a measure of inflation for New Zealand households. It records changes in the price of goods and services. It influences interest rates and is used to calculate changes to benefit payments. Graph.
Business price indexes include the producer's price index (PPI), capital goods price index (CGPI), and farm expenses price index (FEPI). Consumers price index (CPI) measures the changing price of the goods and services New Zealand households buy. It provides a measure of inflation. Food price index (FPI) measures the changes in prices that ...
Annual wage cost inflation measured by the labour cost index (LCI) increased to 4.3 percent in the year to the March 2023 quarter, according to figures released by Stats NZ today. “Annual wage cost inflation is at its highest level since the series began in 1992, up from 4.1 percent in the year to the December 2022 quarter,” business prices ...
06 July 2017, 10:45am. Learn about the consumers price index (CPI) and how it can affect your household. The CPI is the measure of inflation for all New Zealand households. It records the change over time in the price of a basket of goods and services. The basket contains everything from food and household utilities to transport and health ...
Food was the largest contributor to the March 2023 annual inflation rate. This was due to rising prices for vegetables, ready-to-eat food, and milk, cheese, and eggs. Vegetable prices increased 22 percent in the 12 months to March 2023, while ready-to-eat food and milk, cheese and eggs increased 9.7 percent and 15 percent, respectively.
Sep 25, 2017 · Stats NZ measures price change in the construction industry using the following price indexes. Producers price index (PPI) – construction input index measures changes in prices paid by producers in this industry for inputs such as raw materials, fuel, and services. It excludes labour and capital costs paid by these businesses.
Oct 11, 2013 · Consumer inflation, September 2020–September 2024 quarters Created with Highcharts 5.0.14 Percentage change Consumer inflation, September 2020–September 2024 quarters CPI all groups (quarterly) CPI all groups (annual) Tradeables (annual) Non-tradeables (annual) Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 -2.5 0 2.5 5 7.5 10 Stats NZ
OECD Inflation has more data on international inflation rates. Trimmed-mean measures. The trimmed-mean measures – which exclude extreme price movements – ranged from 5.0 to 4.9 percent in the 12 months to the December 2023 quarter. This indicates that underlying inflation is higher than the 4.7 percent increase in the CPI.
Tradeable and non-tradeable inflation. Non-tradeable inflation was 6.3 percent in the 12 months to the September 2023 quarter, driven by construction, rents, and ready-to-eat food. Non-tradeable inflation measures final goods and services that do not face foreign competition and is an indicator of domestic demand and supply conditions.
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today. The LCI for all salary and wage rates (including overtime) increased 3.4 percent in the year ended June 2022, up from 3.0 percent in the year ended March 2022.
