In the December 2016 quarter compared with the September 2016 quarter:
- The consumers price index (CPI) rose 0.4 percent (up 0.7 with seasonal adjustment).
- Transport prices rose 3.7 percent, influenced by higher petrol and air transport prices.
- Housing-related prices rose – purchase of new housing, excluding land, was up 1.4 percent.
- 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.
- Housing and household utilities increased 3.3 percent.
- Transport prices decreased 1.0 percent.
- 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.
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.
Mark Sowden, Acting Government Statistician
26 January 2017