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Consumers Price Index: September 2014 quarter
Embargoed until 10:45am  –  23 October 2014
Key facts
Quarterly change

In the September 2014 quarter compared with the June 2014 quarter:

  • The consumers price index (CPI) rose 0.3 percent.
  • Housing and household utilities (up 1.0 percent) accounted for about three-quarters of the rise. Higher prices for local authority rates, rentals for housing, and prices of newly built houses were the main contributors.
  • The rest of the CPI basket was relatively subdued, with modest price rises partly offset by price falls.
  • Prices fell for grocery food (down 1.5 percent), household contents and services (down 1.3 percent), and communication (down 1.4 percent).
Annual change

From the September 2013 quarter to the September 2014 quarter:

  • The CPI increased 1.0 percent.
  • Housing and household utilities (up 3.4 percent) accounted for about four-fifths of the increase, reflecting higher rentals for housing and higher prices for newly built houses.
  • Cigarettes and tobacco prices also increased (up 11.6 percent), influenced by a tobacco excise duty rise in January.
  • Prices decreased for audio-visual and computing equipment (down 9.6 percent) and fruit and vegetables (down 4.1 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.

Kelvin Watson, Acting Government Statistician
ISSN 1178-0452
23 October 2014

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