Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Consumer Prices Up 0.4 Percent

Consumer Prices Up 0.4 Percent

The Consumers Price Index (CPI) increased 0.4 percent in the March 2005 quarter, according to Statistics New Zealand. Housing made the most significant upward contribution to the increase, which also reflects higher prices for food, and recreation and education. These increases were partly offset by lower prices for transportation, and apparel.

Housing prices rose 1.2 percent in the quarter, driven by increases in the purchase and construction of new dwellings (up 1.5 percent). The rising cost of construction components was widely reported by surveyed builders as a contributing factor to this increase.

Prices for food increased 0.7 percent in the quarter, while recreation and education prices increased 1.5 percent. Transportation prices decreased 1.7 percent in the March 2005 quarter, mainly due to price decreases for international air travel (down 15.8 percent).

Over the 12 months to the March 2005 quarter, the CPI rose 2.8 percent. Significant upward contributions to the annual change came from the purchase and construction of new dwellings (up 7.2 percent), and electricity (up 9.7 percent). Significant downward contributions were made by household appliances and equipment (down 4.6 percent), and international air travel (down 2.8 percent).

In the March 2005 quarter, the non-tradable component (up 1.1 percent) made the largest contribution to the CPI all groups movement. The tradable component decreased 0.5 percent in the quarter.

Brian Pink
Government Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>