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Consumers Price Index: March 2017 quarter
Embargoed until 10:45am  –  20 April 2017
Key facts

Quarterly change

In the March 2017 quarter compared with the December 2016 quarter:

  • The consumers price index (CPI) rose 1.0 percent (up 1.0 percent with seasonal adjustment).
  • Food prices rose 2.2 percent, influenced by higher prices for fruit (up 16 percent).
  • Alcoholic beverages and tobacco prices rose 4.0 percent, influenced by higher prices for cigarettes and tobacco (up 9.7 percent).
  • Housing and household utilities prices rose 0.6 percent, influenced by rentals for housing (up 0.8 percent).

Annual change

From the March 2016 quarter to the March 2017 quarter:

  • The CPI inflation rate increased 2.2 percent.
  • Housing and household utilities increased 3.3 percent.
  • Transport prices increased 3.5 percent.
  • Tradable prices increased 1.6 percent, while prices for non-tradables increased 2.5 percent.

Average prices

  • The average price of 1 litre of 91 octane petrol was $1.90 in the March 2017 quarter, up from $1.82 in the December 2016 quarter, and $1.69 in the March 2016 quarter.
  • The average price for a packet of 25 cigarettes was $31.60 in March 2017, up from $28.79 in the March 2016 quarter.

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.

 

 

Liz MacPherson, Government Statistician
ISSN 1178-0452
20 April 2017

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