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Consumers Price Index: December 2010 quarter
Embargoed until 10:45am  –  20 January 2011
Highlights

In the December 2010 quarter compared with the September 2010 quarter:

  • The consumers price index (CPI) rose 2.3 percent, influenced by a rise in goods and services tax (GST) from 12.5 percent to 15 percent on 1 October 2010.
  • This is the largest quarterly increase since a 3.5 percent rise in the September 1989 quarter, when GST rose from 10 percent to 12.5 percent on 1 July 1989.
  • Transport prices rose 4.3 percent, reflecting higher prices for petrol and international air transport.
  • Food prices rose 2.1 percent, with higher grocery food prices the key contributor.
  • Housing and household utility prices rose 1.6 percent, with higher prices for the purchase of new housing and property maintenance services.
  • Recreation and culture prices rose 2.9 percent, influenced by higher prices for package holidays.

From the December 2009 quarter to the December 2010 quarter:

  • The CPI increased 4.0 percent.
Graph, Consumers price index, quarterly change, December 2007 to December 2010. Graph, Consumers price index, annual change, December 2007 to December 2010.

 

Dallas Welch (Mrs)     20 January 2011
Acting Government Statistician   ISSN 1178-0452
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