Time: 2024-07-11
Selected Price indexes ( SPI ) provide monthly price changes for a selection of goods and services that New Zealand households purchase . The following table sets out the key percentage changes in monthly and annual prices . We compare June 2024 with May 2024 for the monthly percentage change , and June 2024 with June 2023 for the annual percentage change.
In the food group , fruit and vegetables saw a monthly percentage change of 2.3 % and an annual percentage change of -16.1 % . Meat , poultry , and fish showed no change in the monthly percentage but had an annual change of -1.4 % . Grocery food had a monthly change of 1.3 % and an annual change of 2.3 % . Non - alcoholic beverages increased by 1.3 % monthly and 4.3 % annually . Restaurant meals and ready - to - eat food had a monthly change of 0.3 % and an annual change of 4.0 % . In the alcoholic beverages and tobacco group , alcoholic beverages remained steady with a monthly change of 0.0 % and an annual change of 3.7 % , while cigarettes and tobacco increased by 0.2 % monthly and 10.2 % annually.
The flow measure of rents captures rental price changes only for dwellings that have a new tenancy started in the reference month . It tends to be more volatile than the stock measure , which shows rental price changes across the whole rental population , including renters currently in tenancies.
Selected price indexes : July 2024 will be released on 15 August 2024 . For more data and technical enquiries , use Infoshare to access timeseries data or contact Ari Palsson at 04 931 4600 or [ email protected ]
In conclusion , the price index data for June 2024 provides valuable insights into the changes in the cost of goods and services in New Zealand . The monthly and annual percentage changes highlight fluctuations in various categories , offering consumers and policymakers important information on inflation trends . Stay tuned for the upcoming release of the July 2024 price index to track further developments in the market.
Business
