Client: Ngai Tahu Property Ltd

Date: September 2006

Author(s): Dr Ganesh Nana

BERL was commissioned by the client to produce annual forecasts to 2015 of movements in the CPI and the principal components of the forestry and logging industry producer price index (PPI). A range of economic drivers (including world and NZ GDP) were investigated as explanatory variables for the price movements over the 1994-2005 period. Consequently, equations providing good explanations of the past were used to provide forecasts. These forecasts were also based on BERL’s view of the underlying economic outlook for the NZ, and the world, economy.

BERL#4518