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
| Month | Annual percentage change |
| Mar-20 | 3.3 |
| Apr-20 | 4.4 |
| May-20 | 2.9 |
| Jun-20 | 4.1 |
| Jul-20 | 4.2 |
| Aug-20 | 4.2 |
| Sep-20 | 3.1 |
| Oct-20 | 2.7 |
| Nov-20 | 2.6 |
| Dec-20 | 2.9 |
| Jan-21 | 2.1 |
| Feb-21 | 1.2 |
| Mar-21 | 0.5 |
| Apr-21 | 0.7 |
| May-21 | 1.8 |
| Jun-21 | 2.8 |
| Jul-21 | 2.8 |
| Aug-21 | 2.4 |
| Sep-21 | 4 |
| Oct-21 | 3.7 |
| Nov-21 | 4 |
| Dec-21 | 4.5 |
| Jan-22 | 5.9 |
| Feb-22 | 6.8 |
| Mar-22 | 7.6 |
| Apr-22 | 6.4 |
| May-22 | 6.8 |
| Jun-22 | 6.6 |
| Jul-22 | 7.4 |
| Aug-22 | 8.3 |
| Sep-22 | 8.3 |
| Oct-22 | 10.1 |
| Nov-22 | 10.7 |
| Dec-22 | 11.3 |
| Jan-23 | 10.3 |
| Feb-23 | 12 |
| Mar-23 | 12.1 |
| Apr-23 | 12.5 |
| May-23 | 12.1 |
| Jun-23 | 12.5 |
| Jul-23 | 9.6 |
| Aug-23 | 8.9 |
| Sep-23 | 8 |
| Oct-23 | 6.3 |
| Nov-23 | 6 |
| Dec-23 | 4.8 |
| Jan-24 | 4.2 |
| Feb-24 | 2.1 |
| Mar-24 | 0.7 |
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, | March 2024 monthly percentage change | March 2024 annual percentage change |
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.
