Source: Statistics New Zealand
Adjustment to early childhood education in the consumers price index – The FamilyBoost early childhood education (ECE) rebate scheme began on 1 July 2024. The September 2024 quarter consumers price index (CPI), to be released on Wednesday, 16 October at 10:45am, will include an adjustment to reflect the introduction of the rebate scheme.
An adjustment has been made to the ECE subgroup in the CPI to reflect the rebate households will receive through the FamilyBoost scheme.
Inland Revenue has provided data about the anticipated fall in household expenditure on ECE in 2024/25 due to FamilyBoost. A fall of about $174 million is expected in CPI expenditure on ECE.
The movement for the ECE subgroup in the September 2024 quarter will incorporate the regular price changes for ECE, and this adjustment.
