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Consumer Price Index
CPI is one of the most widely used measure of inflation, as it follows the price changes experienced by consumers when purchasing goods and services. This is usually measured by a following an index of a certain "basket of goods", that is made up of the the items needed by a household. "Core" CPI usually excludes volatile items, such as food and energy, in order to get a better sense of price changes without these prices factored in.
Main Indicator: Consumer Price Index q/q
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 1.6% | 1.4% | 0.7% | N/A | ||
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For 2nd Quarter
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Table of Past Data
| 10/24 | 1/16 | 7/15 | 10/14 | 1/16 | 4/14 | 7/14 | |||||
| Actual | 0.70% | -0.20% | +1.0% | 0.5% | 1.2% | 0.7% | 1.6% | ||||
| Forecast | 0.70% | -0.10% | +0.8% | 0.8% | 1.0% | 0.9% | 1.4% | ||||
| Previous | 1.50% | 0.70% | +0.5% | 1.0% | 0.5% | 1.2% | 0.7% | ||||
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.9% | 1.2% | N/A | ||
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For 1st Quarter 2008.
Provided by: Statistics New Zealand CPI y/y: 3.4%, forecast 3.5%, pr. 3.2% (4th Q) The yearly inflation is outside of RBNZ's target range of 1%-3%. However price increases have been significantly pulled up by a 20.5% y/y increase in gasoline prices. Also, food prices are up 1.8% for the quarter. Although the economy seems to be losing steam, inflationary pressure will keep the RBNZ from rate cuts anytime soon. |
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Actual | Forecast | Previous | Revised Form | |
| 1.2% | 1.0% | 0.5% | N/A | ||
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For 4th Quarter 2007. Press Release by Statistics New Zealand CPI y/y: 3.2% (4th Q), forecast 3.0%, pr. 1.8%. The cost of living to consumer increased 1.2% in the 4th quarter for New Zealand. The price of oil (+5.4%) was a major contributer, adding 0.2% to the CPI. International air travel (+11.9), food (+1.5%), and the price of housing (+0.9%) were other factors pushing up prices. "For the year to the December 2007 quarter, the CPI increased 3.2 percent, following a rise of 1.8 percent for the year to the September 2007 quarter. The groups that made the most significant upward contributions for the year to the December 2007 quarter were housing and household utilities (up 5.2 percent), transport (up 5.9 percent) and food (up 4.4 percent)." |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 0.8% | 1.0% | N/A | ||
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For September quarter (Q3) 2007 CPI for year to Sept 07 quarter: 1.8% Price increases in housing and household utilities(+1.8%) and food(+1.2%), were offset by price drops in education(-5.2%) and the health products(-3.1%). According to Statistics New Zealand, changes in government funding and subsidies contributed to falling prices. |
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|
Actual | Forecast | Previous | Revised Form | |
| +1.0% | +0.8% | +0.5% | N/A | ||
| Driven up by petrol prices (+8.0%), transport prices were up 2.7% in the June 2007 quarter. According to Statistics New Zealand, excluding petrol, overall CPI would have increased only 0.6%. The year to June 2007 CPI increased 2.0%. The higher than expected inflation report supports a rate increase by the RBNZ next Thursday. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.20% | -0.10% | 0.70% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.70% | 0.70% | 1.50% | N/A |