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Purchase price of new capital rises 0.5 percent
Purchase price of new capital rises 0.5 percent
20 November 2014
In the September 2014 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 higher prices for:
• residential buildings
(up 1.0 percent)
• non-residential buildings (up 0.8
percent).
The rises in the September 2014 quarter were partly offset by a fall in transport equipment prices (down 0.6 percent).
In the year to the September 2014 quarter, the CGPI increased 2.3 percent. The increases for residential buildings (up 4.7 percent) and non-residential buildings (up 4.1 percent) were the main contributors to the change.
The CGPI measures the change in the purchase price of new capital goods used by New Zealand producers.
For more information about these statistics: Visit Capital Goods Price Index: September 2014 quarter
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