Update on December selected prices indexes (SPI) release 2024 – exclusion of December 2024 rental data

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Source: Statistics New Zealand

Update on December selected prices indexes (SPI) release 2024 – exclusion of December 2024 rental data – 10 January 2025 – The December 2024 SPI release, scheduled for publishing next week (16 January 2025), will not include actual rentals for housing data for December 2024.  

The administrative dataset for this information is provided by the Ministry of Business, Innovation & Employment. MBIE has recently completed upgrades to their tenancy bond lodgment system and Stats NZ requires additional time to integrate this data for the rental price indexes.
 
This dataset also contributes to the consumers price index (CPI).  For the December 2024 quarter CPI, which will be released on 22 January 2025, we will produce a quarterly movement for rental prices using the two months of data already published for October and November 2024.
Stats NZ is confident in this approach.
   
We are working to integrate this dataset in time for the January 2025 SPI release in February 2025.

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