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Consumers Price Index: June 2015 quarter – corrected
Embargoed until 11:30am  –  08 September 2015
Key facts

We republished Consumers Price Index: June 2015 quarter on 8 September 2015 to correct a one-off processing error that affected the March and June 2015 quarters' index numbers.

Quarterly change

In the June 2015 quarter compared with the March 2015 quarter:

  • The consumers price index (CPI) rose 0.4 percent to a level of 1200.
  • Petrol prices rose 8.8 percent, making the largest upward contribution.
  • Prices for vegetables (up 4.8 percent), newly built houses excluding land (up 1.5 percent), and rentals for housing (up 0.6 percent) also rose.
  • Domestic air fares fell 13 percent, following price rises in the previous two quarters.
  • Non-tradable inflation (up 0.1 percent), was the lowest since the December 2009 quarter.
  • After seasonal adjustment, the CPI rose 0.3 percent influenced by lower seasonally adjusted vegetable and electricity prices.
Annual change

From the June 2014 quarter to the June 2015 quarter:

  • The CPI increased 0.4 percent (0.3 percent in the year to the March 2015 quarter).
  • Cigarettes and tobacco (up 14 percent), newly built houses excluding land (up 5.3 percent), and rentals for housing (up 2.3 percent) all increased.
  • Lower petrol prices (down 7.4 percent) were the main downward contributor.
  • Annual non-tradable inflation (up 2.1 percent), was the lowest since the March 2010 quarter.
  • Prices of tradable goods and services decreased 1.8 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.

See corrections for details of the changes.

 

Liz MacPherson, Government Statistician
ISSN 1178-0452
8 September 2015

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