Statistics NZ has attributed a rise in inflation in the June quarter to house prices & utilities.
The NZ Institute of Economic Research’s forecasts for cost management & quantity surveying firm Rider Levett Bucknall indicate construction cost inflation peaking at just below 5% in the next year before moderating to 4% by late 2019.
The annual inflation figure fell from 1.6% in the December quarter to 1.1% in the latest quarter, Statistics NZ said yesterday.
CPI – the consumers price index – rose 0.5% from the June quarter to September, and rose 1.9% for the year, pushed up by housing-related rises and held down by transport-related falls.
The consumers price index (CPI), which hadn’t shifted more than half a percent in any quarter since September 2013, rose by 1% in the March quarter this year, and then stopped on zero in the latest quarter to June.
Statistics NZ said today the consumers price index (CPI) increased 2.2% in the year to the March quarter.