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


Housing, Household Utilities Drive CPI

Embargoed until 10:45am – 25 October 2006

Housing and Household Utilities Drive Consumers Price Index

The Consumers Price Index (CPI) increased 0.7 percent in the September 2006 quarter, Statistics New Zealand said today. The most significant contributions to the CPI this quarter came from higher prices for the housing and household utilities and food groups.

Housing and household utilities prices were up 1.9 percent in the September 2006 quarter, with the most significant increases coming from local authority rates (up 6.8 percent) and purchase of new housing (up 2.1 percent).

Food prices increased 2.0 percent in the September 2006 quarter, mainly due to price increases for vegetables (up 15.5 percent) and fruit (up 9.4 percent).

Over the 12 months to the September 2006 quarter, the CPI increased 3.5 percent, down from 4.0 percent for the year to the June 2006 quarter.

The basket of goods and services that represents the price movements for the CPI has been reselected and reweighted. The index now uses June 2006 quarter as its base quarter. Please see the Technical notes of the accompanying Hot Off The Press for more details.

Brian Pink
Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news