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

 

CPI Inflation Eases

18 January 2006

CPI Inflation Eases

The Consumers Price Index (CPI) increased 0.7 percent in the December 2005 quarter, following a 1.1 percent increase in the September quarter, Statistics New Zealand said today. For the year to the December 2005 quarter, the CPI increased 3.2 percent, compared with a 3.4 percent increase for the year to the September quarter.

The most significant contribution to the CPI this quarter came from the housing group (up 1.2 percent), with prices for the purchase and construction of new dwellings up 1.6 percent. For the year to the December 2005 quarter, prices for the purchase and construction of new dwellings increased 6.4 percent and made the most significant individual contribution to the annual movement in the CPI.

Transportation prices were up 1.0 percent in the December 2005 quarter, with the most significant contribution coming from higher prices for international air travel (up 12.3 percent). The most significant downward contribution came from lower prices for petrol (down 3.0 percent). Conversely, for the year to the December 2005 quarter, prices for international air travel fell 3.2 percent, while petrol prices were up 17.4 percent.

Food prices increased 0.5 percent in the December 2005 quarter, with the meat, fish and poultry subgroup (up 2.9 percent) making the most significant contribution. For the year to the December 2005 quarter, food prices were up 1.5 percent.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO:

Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>

ALSO:

Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>

ALSO: