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

 


CPI rises 1.1 percent in September quarter

CPI rises 1.1 percent in September quarter

The consumers price index (CPI) rose 1.1 percent for the September 2010 quarter, Statistics New Zealand said today. "The September quarter rise in consumer prices reflects higher food prices and higher central and local government charges, some of which usually occur at this time of year," Statistics New Zealand's prices manager Chris Pike said.

The CPI measures the rate of price change of goods and services purchased by households.

The food group rose 2.4 percent in the September 2010 quarter, with higher prices for vegetables (up 19.7 percent) and milk, cheese, and eggs (up 5.2 percent).

The housing and household utilities group rose 1.4 percent, with local authority rates rising 4.4 percent and electricity prices rising 2.8 percent. About one-quarter of the electricity increase was due to retailers charging 15 percent GST on electricity consumed in the September month and invoiced in October.

The alcoholic beverages and tobacco group rose 2.3 percent, reflecting higher cigarette and tobacco prices (up 4.0 percent), and alcoholic beverage prices (up 1.6 percent). Both increases were affected by increases in excise duty.

The transport group rose 1.0 percent with prices for 'other private transport services' up 8.4 percent, influenced by increases in vehicle relicensing and driver licensing fees. Petrol prices fell 1.3 percent.

The CPI rose 1.5 percent for the year to the September 2010 quarter. This annual increase is the lowest since the year to the March 2004 quarter.

In the year to the September 2010 quarter, transport prices rose 3.7 percent, reflecting higher petrol prices (up 5.8 percent). Housing and household utility prices rose 2.4 percent. The most significant downward contribution came from a fall of 24.6 percent for audio-visual equipment, which is the largest annual decrease since the series began in the June 1999 quarter.

Statistics NZ visits 3,000 shops around New Zealand to collect prices for the CPI and check product sizes and features.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news