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Consumers Price Index: March 2014 quarter
Embargoed until 10:45am  –  16 April 2014
Key facts
Quarterly change

In the March 2014 quarter, compared with the December 2013 quarter:

  • The consumers price index (CPI) rose 0.3 percent.
  • Cigarettes and tobacco (up 10.2 percent) was the main contributor, following an 11.28 percent rise in excise duty in January.
  • Housing and household utilities rose 0.7 percent, reflecting higher prices for purchase of newly built houses, rentals for housing, and property maintenance.
  • Seasonally lower prices for international air fares (down 10 percent), vegetables (down 5.8 percent), and package holidays (down 5.9 percent) were the main downward contributors.
Annual change

From the March 2013 quarter to the March 2014 quarter:

  • The CPI increased 1.5 percent.
  • About half of the increase came from housing and household utilities (up 3.3 percent).

The CPI measures the rate of price change of goods and services purchased by New Zealand 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, March 2011 to March 2014.

Graph, Consumers price index, annual change, March 2011 to March 2014.
Liz MacPherson
Government Statistician
16 April 2014
ISSN 1178-0452
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