Questions and answers

What is CPI in New Zealand?

What is CPI in New Zealand?

The consumers price index (CPI) is a measure of inflation for New Zealand households. It records changes in the price of goods and services. It influences interest rates and is used to calculate changes to benefit payments.

What is the NZ CPI in 2020?

1.4 percent
From the December 2019 quarter to the December 2020 quarter, the CPI inflation rate was 1.4 percent. Housing and household utilities increased 2.6 percent, with rentals for housing up 2.9 percent. Food prices increased 2.5 percent, with fruit and vegetables up 8.6 percent.

What will the CPI be for 2021?

Different agencies’ predictions differ, but most put US CPI inflation within the range of 1.6% to 2.8% percent in 2021 and around 2% in 2022. Almost all agencies concur in predicting that CPI inflation will decrease in 2022 compared to 2021.

What will CPI be in March 2021?

Inflation rate for the March 2021 quarter: quarterly – 0.8 percent. annual – 1.5 percent.

What is CPI this year?

The Consumer Prices Index (CPI) rose by 2.5% in the 12 months to June 2021, up from 2.1% to May. On a monthly basis, the CPIH rose by 0.4% in June 2021, compared with a rise of 0.1% in June 2020. On a monthly basis, the CPI rose by 0.5% in June 2021, compared with a rise of 0.1% in June 2020.

How does the CPI work in New Zealand?

The consumers price index (CPI) is a measure of inflation for New Zealand households. It records changes in the price of goods and services. It influences interest rates and is used to calculate changes to benefit payments. The CPI measures the rate of price change of goods and services purchased by New Zealand households.

What is the Consumer Price Index in New Zealand?

The consumers price index (CPI) is a measure of inflation for New Zealand households. It records changes in the price of goods and services. It influences interest rates and is used to calculate changes to benefit payments.

Which is the official inflation rate in New Zealand?

Consumers Price Index (CPI) inflation is official data produced by Statistics New Zealand (“Stats NZ”) and is only being reproduced in this calculator. The sub-categories in the inflation calculator do not necessarily relate to CPI inflation.

When does the Consumer Price Index come out?

Consumers price index: June 2021 quarter will be released on 16 July 2021.