Selected Price Indexes 12 April

Selected price indexes (SPI) provide monthly price changes for a selection of goods and services that New Zealand households purchase.

12 April 2024: This release updates the international air transport data for February 2024 to update the understated price fall we published last month. The official measure of consumer inflation, Consumers price index: March 2024 quarter, will be unaffected.

Key facts

MonthAnnual percentage change
Mar-203.3
Apr-204.4
May-202.9
Jun-204.1
Jul-204.2
Aug-204.2
Sep-203.1
Oct-202.7
Nov-202.6
Dec-202.9
Jan-212.1
Feb-211.2
Mar-210.5
Apr-210.7
May-211.8
Jun-212.8
Jul-212.8
Aug-212.4
Sep-214
Oct-213.7
Nov-214
Dec-214.5
Jan-225.9
Feb-226.8
Mar-227.6
Apr-226.4
May-226.8
Jun-226.6
Jul-227.4
Aug-228.3
Sep-228.3
Oct-2210.1
Nov-2210.7
Dec-2211.3
Jan-2310.3
Feb-2312
Mar-2312.1
Apr-2312.5
May-2312.1
Jun-2312.5
Jul-239.6
Aug-238.9
Sep-238
Oct-236.3
Nov-236
Dec-234.8
Jan-244.2
Feb-242.1
Mar-240.7

The following table sets out the key percentage changes in monthly and annual prices. We compare March 2024 with February 2024 for the monthly percentage change, and March 2024 with March 2023 for the annual percentage change.

Group, subgroup, class, item,
or selected section

March 2024 monthly percentage change
(compared with February 2024)

March 2024 annual percentage change
(compared with March 2023)

Food group

-0.5

0.7

Fruit and vegetables

-3.8

-13.3

Meat, poultry, and fish

-1.0

0.2

Grocery food

0.1

1.7

Non-alcoholic beverages

0.2

4.3

Restaurant meals and ready-to-eat food

0.3

6.4

Alcoholic beverages and tobacco group

0.6

7.5

Alcoholic beverages

1.2

5.2

Cigarettes and tobacco

-0.2

10.3

Housing and household utilities group

Stock measure of rental property

0.4

4.6

Flow measure of rental property

0.6

5.1

Transport group

Petrol

1.2

14.6

Diesel

0.9

0.3

Domestic air transport

4.8

1.4

International air transport

-4.1

-15.1

Recreation and culture group

Domestic accommodation

-2.2

4.0

International accommodation

0.3

30.5

Difference between the flow and stock measures of rent

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

More data

Use Infoshare to access timeseries data. For this release, select the following categories:

Subject category: Economic indicators
Group: Consumers price index - CPI

Definitions and metadata

Selected price indexes - DataInfo+ gives general methodology used to produce the selected price indexes and related metadata.

Technical enquiries

Ari Palsson
04 931 4600
[email protected]

ISSN 3021-145X

Next release

Selected price indexes: April 2024 will be released on 13 May 2024.

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