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Consumers Price Index: December 2015 quarter
Embargoed until 10:45am  –  20 January 2016
Key facts
Quarterly change

In the December 2015 quarter compared with the September 2015 quarter:

  • The consumers price index (CPI) fell 0.5 percent to a level of 1198.
  • Petrol prices fell (down 7.0 percent), making the largest downward contribution. 
  • Seasonally lower vegetable prices (down 17 percent) also fell.
  • International airfares (up 5.5 percent), prices for newly built houses excluding land (up 1.2 percent), and rentals for housing (up 0.6 percent) rose.
  • Prices for tradable goods and services fell 1.8 percent, while prices for non-tradable goods and services rose 0.5 percent.
  • After seasonal adjustment, the CPI fell 0.2 percent.
Annual change

From the December 2014 quarter to the December 2015 quarter:

  • The CPI increased 0.1 percent (0.4 percent in the year to the September 2015 quarter).
  • Rentals for housing (up 2.5 percent), prices for newly-built houses excluding land (up 5.0 percent), and local authority rates (up 6.2 percent) all increased.  
  • Lower petrol prices (down 8.1 percent) made the main downward contribution.
  • Prices for non-tradable goods and services increased 1.8 percent.
  • Prices of tradable goods and services decreased 2.1 percent.

The CPI measures the rate of price change of goods and services purchased by New Zealand households. Statistics NZ visits 2,800 shops around New Zealand to collect prices for the CPI and check product sizes and features.

Liz MacPherson, Government Statistician
ISSN 1178-0452
20 January 2016

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