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Consumers Price Index: June 2011 quarter
Embargoed until 10:45am  –  18 July 2011
Highlights

In the June 2011 quarter compared with the March 2011 quarter:

  • The consumers price index (CPI) rose 1.0 percent.
  • The main upward contribution came from transport (up 2.7 percent), reflecting higher prices for petrol and airfares.
  • Food prices rose 1.1 percent, with higher prices for grocery food and vegetables.
  • Housing and household utility prices rose 0.9 percent, with higher prices for electricity.

From the June 2010 quarter to the June 2011 quarter:

  • The CPI increased 5.3 percent, including a 2.3 percent increase in the December 2010 quarter when GST rose from 12.5 to 15 percent.
  • If June 2011 quarter prices had been processed with a GST rate of 12.5 percent, the CPI would have risen 3.3 percent for the year to the June 2011 quarter. See the end of the commentary for more information.

The CPI measures the rate of price change of goods and services purchased by households. Statistics NZ visits 3,000 shops around New Zealand to collect prices for the CPI and check product sizes and features.

Graph, Consumers price index, Quarterly change, June 2008 quarter to June 2011 quarter. Graph, Consumers price index, Annual change, June 2008 quarter to June 2011 quarter.
 

Geoff Bascand

18 July 2011
Government Statistician ISSN 1178-0452
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