Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


A century of prices measured by Statistics NZ

A century of prices measured by Statistics NZ


Statistics Minister Nicky Wagner today acknowledged a century of measuring prices by Statistics New Zealand.

The Consumers Price Index (CPI) has measured the rate of price change of goods and services purchased by individuals and families since 1914.

“The role of the CPI in New Zealand society cannot be underestimated, as movements in it influence interest rates, welfare benefits and superannuation payments,” Ms Wagner says.

In the past 100 years the items measured have changed to reflect taste, lifestyle and income changes of households. The basket of goods measured has increased from about 65 in 1914 to more than 700 today.

“At the start they were looking at things like a hundred-weight sack of coal, tinned herrings and laundry ‘blue’.

“Some of the other things no longer measured include offal, telegrams and LP records, while recent additions are frozen chicken nuggets, flat bread, tablet computers and e-books,” Ms Wagner says.

More information on the Consumers Price Index and how it has changed is available on the Statistics New Zealand website.


http://img.scoop.co.nz/media/pdfs/1407/Photo_of_early_CPI_data_1.pdf

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news