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Consumers Price Index: June 2017 quarter
Embargoed until 10:45am  –  18 July 2017
Key facts

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.

Average prices

  • 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.

For more information on how the CPI works, see the consumers price index – animation and infographic.

The CPI measures the rate of price change of goods and services purchased by New Zealand households. Stats NZ visits 2,800 shops around New Zealand to collect prices for the CPI and check product sizes and features.

Teresa Dickinson, Acting Government Statistician
ISSN 1178-0452
18 July 2017

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