New Zealand NZ: Consumer Price Index (CPI): OECD Grouping: Services Less Housing

New Zealand NZ: Consumer Price Index (CPI): OECD Grouping: Services Less Housing data was reported at 130.534 2010=100 in Dec 2023. This records an increase from the previous number of 128.849 2010=100 for Sep 2023. New Zealand NZ: Consumer Price Index (CPI): OECD Grouping: Services Less Housing data is updated quarterly, averaging 74.517 2010=100 from Mar 1969 (Median) to Dec 2023, with 220 observations. The data reached an all-time high of 130.534 2010=100 in Dec 2023 and a record low of 5.430 2010=100 in Mar 1969. New Zealand NZ: Consumer Price Index (CPI): OECD Grouping: Services Less Housing data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.MEI: Consumer Price Index: COICOP 1999: OECD Member: Quarterly. The consumers price index (CPI) is a measure of the price change of goods and services purchased by private New Zealand households. Types of prices: The price recorded is the price consumers pay for the specified quantity and quality of the good or service. Special and sale prices are accepted where there is a genuine reduction in price for a commodity which is not obsolete or of inferior quality. Price collection methods: Most prices for the CPI are collected by Statistics New Zealand survey interviewers, who personally visit the selected outlets. For some goods and services, postal surveys are undertaken to collect the appropriate data. For others, prices are collected off the Internet, over the telephone or by e-mail. Treatment of Rentals for housing: Included. Treatment of Owner-Occupied Housing: Included adopting a user-cost approach. Treatment of missing prices: If an item is temporarily out of stock the price is carried forward from the previous period. Carrying forward can occur for a number of pricing periods depending on the frequency of the price survey. After a specified number of times the outlet or item will be replaced. Seasonal items: seasonal items as fresh fruit and vegetables are not seasonally treated from the June 2006 quarter.; Index series starts in 1969 Q1

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