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Source: MIL-OSI Submissions

prices drive up quarterly inflation for all household groups – Media release

3 May 2021

Higher prices for petrol have driven up quarterly
inflation for all household groups, Stats NZ said today.

In the March 2021 quarter, as measured in
the household living-costs price indexes, inflation for the all households
group increased by 0.9 percent. This is the same for the lowest-spending
households, also up 0.9 percent, and compares with 0.8 percent for the
highest-spending households. Each quarter, the HLPIs calculate how inflation
affects 13 different groups, while the consumers price index calculates
how inflation affects New Zealand as a whole.

The main difference comes from the treatment
of owner-occupied housing and interest payments, which better aligns with
the individual household experience, and better reflects the inflation
experienced by a ‘typical’ household within each group.

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