Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Consumers Price Index: March 2016 quarter
Embargoed until 10:45am  –  18 April 2016
Key facts
Quarterly change

In the March 2016 quarter compared with the December 2015 quarter:

  • The consumers price index (CPI) rose 0.2 percent to a level of 1200.
  • Petrol prices fell 7.7 percent, making the largest downward contribution. 
  • Low oil prices contributed to price falls for air fares.
  • Housing-related prices and food prices rose.
  • Prices for tradable goods and services fell 0.9 percent, while prices for non-tradable goods and services rose 1.0 percent.
  • After seasonal adjustment, the CPI rose 0.2 percent.
Annual change

From the March 2015 quarter to the March 2016 quarter:

  • The CPI increased 0.4 percent (up from 0.1 percent in the year to the December 2015 quarter).
  • Rentals for housing (up 2.3 percent), prices for newly-built houses excluding land (up 5.0 percent), and local authority rates (up 6.2 percent) all increased.  
  • Lower prices for other private transport services and petrol made the main downward contribution.
  • Prices for non-tradable goods and services increased 1.6 percent.
  • Prices for tradable goods and services decreased 1.2 percent.
Average prices
  • The average price of 1 litre of 91 octane petrol was $1.69 in the March 2016 quarter, compared with $1.84 in the December 2015 quarter.
  • The average price of a pack of 25 cigarettes was $28.79 in the March 2016 quarter. This compares with $26.43 in the December 2015 quarter, and $13.28 in the December 2009 quarter (before annual 10 percent excise tax increases were introduced).

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
18 April 2016

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+