New Zealand CPI rises 1% in June quarter


The Consumers Price Index (CPI) rose 1.0 percent in the June 2007 quarter. The CPI increased 2.0 percent from the June 2006 quarter to the June 2007 quarter.

Transport prices rose 2.4 percent, driven by higher prices for petrol. Housing and household utilities prices rose 1.3 percent, driven by higher prices for electricity and the purchase of new housing. Recreation and culture prices fell 0.8 percent, with lower prices for package holidays and audio-visual equipment the main contributors.

Nine of the 11 groups in the CPI recorded increases in the June 2007 quarter. The most significant upward contributions came from the transport group (up 2.4 percent) and housing and household utilities group (up 1.3 percent). Less significant upward contributions came from the following groups: health (up 1.9 percent), food (up 0.5 percent), household contents and services (up 1.2 percent), miscellaneous goods and services (up 0.8 percent), clothing and footwear (up 0.9 percent), alcoholic beverages and tobacco (up 0.3 percent) and communication (up 0.3 percent).

Two groups in the CPI recorded decreases. The most significant downward contribution came from the recreation and culture group (down 0.8 percent), with the education group (down 0.2 percent) providing a less significant input. The most significant individual upward contributions to the movement in the CPI came from price increases for petrol (up 8.0 percent), tomatoes (up 96.6 percent), electricity (up 3.0 percent) and the purchase of new housing (up 1.6 percent). The most significant individual downward contributions to the movement in the CPI came from lower prices from overseas package holidays (down 9.3 percent) and apples (down 35.2 percent).


Statistics New Zealand
7/17/2007 11:31:56 AM