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+
CPI up 0.4 percent on higher petrol prices
Embargoed until 11:30am  –  08 September 2015

Consumers Price Index: June 2015 quarter – corrected  –  Media Release

Consumers price index corrected on 8 September 2015

We republished Consumers Price Index: June 2015 quarter on 8 September 2015 to correct a one-off processing error. See Corrections for more information.

CPI up 0.4 percent on higher petrol prices

The consumers price index (CPI) rose 0.4 percent in the June 2015 quarter, following falls of 0.2 percent in both the March 2015 and December 2014 quarters, Statistics New Zealand said today.

“The main impact came from higher petrol prices, which were up 8.8 percent in the June quarter. Without petrol, the CPI was up 0.1 percent for the quarter," prices manager Chris Pike said.

The average price of a litre of 91 octane petrol in the June 2015 quarter was $1.95, compared with $1.79 in the March quarter. By the end of the June quarter, petrol pump prices were 4.1 percent above the average price for that quarter.

Prices for the housing and household utilities group rose 0.7 percent for the latest quarter. Prices for newly built houses excluding land were up 1.5 percent nationally (2.8 percent in Auckland, and 0.7 percent in Canterbury). Housing rental prices rose 0.6 percent, with Auckland prices up 0.8 percent and Canterbury up 0.7 percent.

These price rises were partly offset by lower prices for domestic airfares (down 13 percent) following price rises in the previous two quarters. Domestic airfares were down 3.0 percent from a year earlier. Telecommunication services also fell for the June quarter (down 1.9 percent).

Annual prices rise 0.4 percent

The CPI increased 0.4 percent in the year to the June 2015 quarter, following a 0.3 percent increase in the year to the March 2015 quarter.

The prices of tradable goods and services (which face foreign competition) decreased 1.8 percent in the year, with lower prices for petrol (down 7.4 percent) and for international airfares (down 6.3 percent).

Non-tradable goods and services increased 2.1 percent, the smallest annual increase since the March 2010 quarter. The main contributor was cigarettes and tobacco prices (up 14 percent), influenced by the increase in excise duty in January 2015 – excluding cigarettes and tobacco, the CPI rose 0.1 percent in the year to the June 2015 quarter.

Housing and household utility prices were up 2.5 percent in the year, with higher prices for newly built houses excluding land (up 5.3 percent), housing rentals (up 2.3 percent), and local authority rates (up 3.9 percent).

In the year to the June 2015 quarter, prices for newly built houses excluding land rose 7.6 percent in Auckland, and rose 4.0 percent in Canterbury. Housing rentals rose 2.9 percent in Auckland, and 3.5 percent in Canterbury.

The CPI measures the rate of price change of goods and services purchased by New Zealand households.

Ends

For media enquiries contact: Chris Pike, Wellington 04 931 4600, info@stats.govt.nz
Authorised by Liz MacPherson, Government Statistician, 8 September 2015

  • 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+