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Consumers Price Index: September 2015 quarter
Embargoed until 10:45am  –  16 October 2015
Key facts
Quarterly change

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

  • The consumers price index (CPI) rose 0.3 percent to a level of 1204.
  • Seasonally higher vegetable prices (up 14 percent) made the largest individual upward contribution.
  • Local authority rates (up 5.7 percent), package holiday prices (up 7.5 percent), and petrol prices (up 1.6 percent) also rose. 
  • Prices for other private transport services fell 24 percent, influenced by a decrease in vehicle relicensing fees from 1 July 2015.
  • Prices for tradable goods and services rose 0.7 percent, while prices for non-tradable goods and services showed no overall change – this was the smallest quarterly movement since a 0.1 percent fall in the March 2001 quarter.
  • After seasonal adjustment, the CPI rose 0.1 percent.
Annual change

From the September 2014 quarter to the September 2015 quarter:

  • The CPI increased 0.4 percent (0.4 percent in the year to the June 2015 quarter).
  • Cigarettes and tobacco (up 13 percent), newly-built houses excluding land (up 5.5 percent), rentals for housing (up 2.3 percent), and local authority rates (up 5.9 percent) all increased.  
  • Lower petrol prices (down 6.8 percent) were the main downward contributor.
  • Prices for non-tradable goods and services increased 1.5 percent, which was the smallest annual increase since the December 2001 quarter. 
  • Prices of tradable goods and services decreased 1.2 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.

Liz MacPherson, Government Statistician
ISSN 1178-0452
16 October 2015

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