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- New Zealand CPI was flat overall at 0.0% in Q2
New Zealand CPI was flat overall at 0.0% in Q2
Quarterly change:
In the June 2017 quarter compared with the March 2017 quarter:
The consumers price index (CPI) was flat overall at 0.0 percent (down 0.1 percent with seasonal adjustment).
Food prices rose 0.7 percent, influenced by higher prices for vegetables (up 19 percent).
Housing and household utilities prices rose 0.8 percent, influenced by purchase of new housing (up 1.8 percent).
Transport prices fell 1.3 percent, with cheaper domestic airfares (down 15 percent).
Annual change:
From the June 2016 quarter to the June 2017 quarter:
The CPI inflation rate was 1.7 percent.
Housing and household utilities increased 3.1 percent, with purchase of new housing up 6.4 percent.
Communication prices decreased 4.6 percent, with large decreases for telecommunications services and equipment.
Tradable prices increased 0.9 percent, while prices for non-tradables increased 2.4 percent.
The average price of 1 litre of 91 octane petrol was $1.86 in the June 2017 quarter, down from $1.90 in the March 2017 quarter, and up from $1.78 in the June 2016 quarter.
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