Quarterly change In the June 2017 quarter compared with the March 2017 quarter: • The consumers price index (CPI) was flat overall at 0.0 percent (down 0.1 percent with seasonal adjustment). • Food prices rose 0.7 percent, influenced by higher prices for vegetables (up 19 percent). • Housing and household utilities prices rose 0.8 percent, influenced by purchase of new housing (up 1.8 percent). • Transport prices fell 1.3 percent, with cheaper domestic airfares (down 15 percent). Annual change From the June 2016 quarter to the June 2017 quarter: • The CPI inflation rate was 1.7 percent. • Housing and household ... (full story)

The consumers price index (CPI) was flat overall in the June 2017 quarter (0.0 percent inflation), down 0.1 percent after seasonal adjustment, Stats NZ said today. The annual inflation rate was 1.7 percent, down from 2.2 percent in the year to the March 2017 quarter. "Household basics like rent, food, and electricity all hit consumers' pockets harder this quarter," prices senior manager Jason Attewell said. "Offsetting these price rises were falls in domestic airfares and petrol prices – which fell on average by 4 cents a litre." Housing-related prices continued to increase, up 0.8 percent in the June 2017 quarter, ... (full story)