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- New Zeeland CPI inflation rate was 1.3 percent in the last quarter
New Zeeland CPI inflation rate was 1.3 percent in the last quarter
In the December 2016 quarter compared with the September 2016 quarter:
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The consumers price index (CPI) rose 0.4 percent (up 0.7 with seasonal adjustment).
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Transport prices rose 3.7 percent, influenced by higher petrol and air transport prices.
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Housing-related prices rose - purchase of new housing, excluding land, was up 1.4 percent.
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Vegetable prices fell 15 percent (up 3.0 percent after seasonal adjustment).
From the December 2015 quarter to the December 2016 quarter:
The CPI inflation rate was 1.3 percent.
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Housing and household utilities increased 3.3 percent.
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Transport prices decreased 1.0 percent.
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Tradable prices decreased 0.1 percent, while prices for non-tradables increased 2.4 percent.
The average price of 1 litre of 91 octane petrol was $1.82 in the December 2016 quarter, up from $1.75 in the September 2016 quarter.
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