New Zealand Inflation Rate

The inflation rate in New Zealand was recorded at 0.90 percent in the first quarter of 2013. Inflation Rate in New Zealand is reported by the Statistics New Zealand. Historically, from 1918 until 2013, New Zealand Inflation Rate averaged 4.89 Percent reaching an all time high of 44 Percent in September of 1918 and a record low of -15.30 Percent in March of 1923. In New Zealand, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page includes a chart with historical data for New Zealand Inflation Rate.

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New Zealand Inflation Rate
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New Zealand Annual Inflation Rate at 0.9% in Q1 2013
Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com  |  4/17/2013 9:35:58 AM


New Zealand's Consumer Price Index (CPI) increased an annual 0.9 percent in the first quarter of 2013, mainly due to higher prices for cigarettes and tobacco.

The CPI increased 0.9 percent in the year to the March 2013 quarter, following increases of 0.9 percent and 0.8 percent in the years to the December 2012 and September 2012 quarters, respectively.

Six of the 11 groups in the CPI made upward contributions in the year to the March 2013 quarter.
By group, the main upward contribution came from housing and household utilities (up 2.9 percent). Higher prices were also recorded for alcoholic beverages and tobacco (up 5.0 percent), health (up 3.7 percent) and miscellaneous goods and services (up 2.4 percent).
 
By group, the main downward contributions came from communication (down 7.2 percent), recreation and culture (down 1.5 percent), transport (down 0.4 percent) and household contents and services (down 2.6 percent).
 
Individually, the main upward contribution came from higher prices for cigarettes and tobacco (up 12 percent). 
Higher prices were also recorded for electricity (up 5.2 percent), rentals for housing (up 2.2 percent), purchase of newly built houses (up 3.3 percent), local authority rates (up 4.3 percent).
 
The main individual downward contributions came from lower prices for, telecommunication services (down 7.2 percent), audio-visual and computing equipment (down 12 percent), domestic air fares (down 9.9 percent) and fresh milk (down 7.7 percent).
 
In the March 2013 quarter compared with the December 2012 quarter, the CPI rose 0.4 percent. 
 
The main upward contribution came from the alcoholic beverages and tobacco group (up 4.4 percent), reflecting an increase in the excise duty for cigarettes and tobacco.
Prices for the housing and household utilities group rose 0.6 percent, reflecting higher prices for rentals for housing, purchase of newly built houses, and property maintenance services.
Recreation and culture prices fell 1.6 percent, reflecting seasonally lower prices for package holidays.
 

ARCHIVE
New Zealand Inflation Accelerates Slightly in the Fourth Quarter New Zealand's Consumer Price Index (CPI) increased an annual 0.9 percent in the fourth quarter of 2012. 2013-02-07
New Zealand Inflation Raises in March 2011 Quarter In the year to the March 2011 quarter, New Zealand CPI increased 4.5 percent, reflecting higher prices for petrol, cigarettes, tobacco, and food. 2011-04-20
New Zealand Inflation Down to 0.8 percent in Q3 In New Zealand, the CPI increased 0.8 percent in the year to the September 2012 quarter, which is the smallest annual movement since a 0.5 percent increase in the year to the December 1999 quarter. 2012-10-16
New Zealand Inflation Rises in Q4 New Zealand's CPI increased 4.0 percent in the year to the December 2010 quarter, following increases of 1.5 percent and 1.7 percent in the years to the September and June 2010 quarters, respectively. 2011-01-20
New Zealand Inflation Down to 1.8% in Q4 In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010. 2012-01-19
New Zealand Inflation Rises Less Than Expected New Zealand inflation accelerated less than expected in the first quarter, suggesting there's less need for Reserve Bank Governor Alan Bollard to rush to raise interest rates this year. 2010-04-20
New Zealand Aunnual Inflation Rate at 4.6% in Q3 In the year to the September 2011 quarter, the CPI rose 4.6 percent, including a 2.3 percent increase in the December 2010 quarter when GST rose from 12.5 to 15 percent. Key contributions to the rise came from transport (up 8.8 percent), food (up 6.2 percent), housing and household utilities (up 3.7 percent), and alcoholic beverages and tobacco (up 5.6 percent). 2011-10-25
New Zealand’s Inflation Rate Accelerates to 1.3% New Zealand inflation accelerated faster than economists forecast in the third quarter, adding to signs that central bank Governor Alan Bollard may have to raise interest rates earlier than he predicted last month. 2009-10-15
New Zealand Inflation Rate Rises 5.3% in June 2011 Quarter In the year to the June 2011 quarter, New Zealand CPI increased 5.3 percent, including a 2.3 percent increase in the December 2010 quarter when GST (Goods and services tax) rose from 12.5 to 15 percent. 2011-07-18



Inflation Rate | Notes

The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.






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