We republished Consumers Price Index: September 2016 quarter on 7 November to correct a manual processing error that affected the September 2016 quarter index numbers.
In the September 2016 quarter compared with the June 2016 quarter:
- The consumers price index (CPI) rose 0.3 percent.
- Housing-related prices rose, with purchase of new housing, excluding land up 2.0 percent.
- Vegetable prices rose 16 percent (up 0.5 percent after seasonal adjustment).
- Transport prices fell 1.9 percent, influenced by lower vehicle relicensing fees from 1 July 2016.
- After seasonal adjustment, the CPI rose 0.1 percent.
From the September 2015 quarter to the September 2016 quarter:
- The CPI inflation rate was 0.4 percent.
- Prices increased for purchase of new housing, excluding land (up 6.3 percent).
- Transport prices fell, with petrol down 11 percent.
- Tradable prices fell 2.1 percent, while prices for non-tradables rose 2.4 percent.
- The average price of 1 litre of 91 octane petrol was $1.75 in the September 2016 quarter, down from $1.78 in the June 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.
Liz MacPherson, Government Statistician
7 November 2016