Today Stats NZ released the first Selected price indexes (SPI) that combines the FPI (food price index), RPI (rental price indexes), and new monthly price index data.
New indexes being published are:
- Alcoholic beverages and tobacco
- Petrol and diesel
- Domestic and international airfares
- Domestic accommodation services and overseas accommodation costs prepaid in New Zealand.
"Stats NZ is now publishing 45 percent of the consumers price index basket monthly," consumers prices senior manager Nicola Growden said.
"We are delighted to be able to respond to customer demand and publish another big portion of the consumers price index every month."
Introducing a new price index release has more information about the release.
Food prices were up since last year but down in October 2023, and rent prices increased both annually and monthly.
Prices for international accommodation rose 2.7 percent and international airfares fell 7.5 percent. Prices for domestic accommodation rose 2.8 percent and domestic airfares fell 9.4 percent.
| Month | Domestic accommodation services | Domestic air transport |
| Oct-19 | 10.9 | 2.7 |
| Nov-19 | 0 | 11.9 |
| Dec-19 | 0 | -5.6 |
| Jan-20 | 4.2 | 1.7 |
| Feb-20 | 0 | -0.7 |
| Mar-20 | 0 | -6.4 |
| Apr-20 | -14.2 | 24.4 |
| May-20 | 0 | 3.5 |
| Jun-20 | 0 | -6.7 |
| Jul-20 | -1.3 | -15.8 |
| Aug-20 | 0 | -5.2 |
| Sep-20 | 0 | 8.3 |
| Oct-20 | 19.9 | -3.2 |
| Nov-20 | 0 | -1.5 |
| Dec-20 | 0 | 2.3 |
| Jan-21 | -1 | -4.3 |
| Feb-21 | 0 | 0.2 |
| Mar-21 | 0 | 4 |
| Apr-21 | -0.5 | -4 |
| May-21 | 0.2 | -1.9 |
| Jun-21 | 0.8 | -2.4 |
| Jul-21 | 5.6 | 9 |
| Aug-21 | -2.8 | -5.5 |
| Sep-21 | -5.4 | 18 |
| Oct-21 | 6.9 | 4 |
| Nov-21 | -1.7 | 6.8 |
| Dec-21 | 4.6 | -28.2 |
| Jan-22 | 2.3 | -1.4 |
| Feb-22 | -1.8 | -1.8 |
| Mar-22 | -2.1 | 7.1 |
| Apr-22 | 0.3 | 17.7 |
| May-22 | 0.2 | -7.3 |
| Jun-22 | 2.6 | 0.7 |
| Jul-22 | 9.3 | 20.1 |
| Aug-22 | -0.7 | -3.4 |
| Sep-22 | 0.3 | 13.6 |
| Oct-22 | 7.2 | 6.4 |
| Nov-22 | 1.7 | -4.3 |
| Dec-22 | 1.2 | 8 |
| Jan-23 | 5.9 | -7.1 |
| Feb-23 | 2 | -5.4 |
| Mar-23 | -0.2 | 11.3 |
| Apr-23 | -10.2 | 3.3 |
| May-23 | -2.9 | -13.7 |
| Jun-23 | 0.6 | 3.2 |
| Jul-23 | 7.9 | 20.4 |
| Aug-23 | -1.5 | -8.2 |
| Sep-23 | -1.2 | 0.5 |
| Oct-23 | 2.8 | -9.4 |
"For international and domestic travel, it was cheaper to travel by air, but more expensive to stay at the destination," Growden said.
Petrol prices fell 1.1 percent in the October month.
The alcoholic beverages and tobacco group rose 1.3 percent in the month of October, mainly due to a rise in prices for cigarettes and tobacco.
"We usually see a rise for cigarettes and tobacco during the start of the year when excise taxes are adjusted," Growden said.
"The 2.7 percent increase in prices for cigarettes and tobacco is the largest we have seen apart from the increases we usually see in January."
Since the series began in June 2011, the next highest increase outside of January was a 1.2 percent monthly rise in July 2014.
