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

 

Transport Prices Push Up CPI

Consumers Price Index: June 2001 Quarter

The Consumers Price Index (CPI) rose by 0.9 per cent in the June 2001 quarter, according to Statistics New Zealand. This follows a fall of 0.2 per cent in the March quarter.

The increase of 0.9 per cent was strongly influenced by higher prices for petrol and international airfares. Together, these two items accounted for over half of the June quarter CPI increase.

Transport prices rose 2.9 per cent, reflecting increases in both private transport (up 2.2 per cent) and public transport (up 5.3 per cent). Private transport prices were influenced mainly by a 6.4 per cent rise in petrol prices, which have increased by 36.9 per cent over the past two years. The increase in public transport prices was driven by higher international airfares (up 7.9 per cent in the June quarter). There is a traditional seasonal demand for overseas travel at this time of the year.

Food prices also contributed strongly to the overall CPI movement in June 2001, increasing by 0.8 per cent. The most significant contribution to this movement came from a 3.9 per cent increase in milk prices. A downward contribution came from lower fruit and vegetable prices (down 2.8 per cent in the quarter). After the removal of seasonal effects, tomato and apple prices fell 18.7 per cent and 19.7 per cent, respectively.

Recreation and education prices recorded an increase of 0.7 per cent and were strongly influenced by a 17.6 per cent rise in the price of stationery. Stationery prices traditionally rise in this quarter after the customary 'back to school specials' in the March quarter. Housing prices rose 0.2 per cent (mainly due to increased dwelling insurance), personal and health care was up 0.7 per cent (mainly due to higher personal care and medical service costs), apparel up 0.9 per cent (both clothing and footwear), tobacco and alcohol rose 0.3 per cent and household operation prices recorded an increase of 0.1 per cent. Credit services prices fell, by 5.0 per cent, mainly due to a lowering of loan application fees.

On an annual basis, the CPI is 3.2 per cent higher than a year ago. This is the seventh consecutive annual increase in the index.

Brian Pink Government Statistician

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>


Stats NZ: Prices For Transport And Housing Rise In March 2021 Quarter

Higher prices for transport and housing led to a 0.8 percent lift in the consumers price index in the March 2021 quarter, Stats NZ said today. Prices for getting around rose in the March quarter. Transport prices rose 3.9 percent, the biggest quarterly ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>