Selected Price Indexes 14 June

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

Key facts

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

Group, subgroup, class, item,
or selected section

Monthly percentage change

Annual percentage change

Food group

-0.2

0.2

Fruit and vegetables

-1.1

-11.4

Meat, poultry, and fish

0.0

-1.2

Grocery food

-0.6

1.3

Non-alcoholic beverages

1.4

2.7

Restaurant meals and
ready-to-eat food

0.1

4.8

Alcoholic beverages and
tobacco group

-0.1

7.0

Alcoholic beverages

-0.2

4.4

Cigarettes and tobacco

0.0

10.2

Housing and household
utilities group

Stock measure of rental property

0.3

4.6

Flow measure of rental property

-0.1

3.8

Transport group

Petrol

-2.6

17.1

Diesel

-3.3

11.1

Domestic air transport

-7.9

-0.7

International air transport

-8.2

-8.5

Recreation and culture group

Domestic accommodation

-8.7

-1.5

International accommodation

4.3

3.5

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, including renters currently in tenancies.

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: June 2024 will be released on 11 July 2024.

/Stats NZ Public Release. View in full here.