Capital goods prices up 0.5 percent –
Media release
20 February
2014
In the December 2013 quarter, the price of
purchasing new capital items rose 0.5 percent, Statistics
New Zealand said today. Four of six asset groups measured by
the capital goods price index (CGPI) rose.
The major
upward contributions to the CGPI came from: • the
residential buildings price index (up 1.1 percent) •
the non-residential buildings price index (up 1.4
percent).
The rises in the December 2013 quarter were
offset by decreases in the price indexes for plant,
machinery, and equipment (down 0.6 percent), and transport
equipment (down 0.1 percent). The appreciating New Zealand
dollar against most key currencies influenced these
indexes.
In the year to the December 2013 quarter, the
CGPI rose 1.4 percent. The increases for residential
buildings (up 4.5 percent) and non-residential buildings (up
3.2 percent) were the highest since 2008.
The CGPI
measures the change in the purchase price of new capital
goods used by New Zealand producers.
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