Friday, July 30, 2010

Vital Statistics

GDP
(average growth for year to Sep 09)

-2.2%
CPI
(Sep 09 incr on Sep 08)

1.7%
Current account balance
(year to Sep 09, % of GDP)

-3.1%
Unemployment
(Sep 09)

6.5%
Employment
(Sep 09 change on Sep 08)

-1.8%

Prices

This section looks at prices or inflation.  Inflation is simply a rise in the average price of goods and services over a period of time.  Inflation is measured through a range of indices, the most common being the consumer price index (CPI) - which measures a 'basket' of consumer goods.  A key target of monetary policy is to keep inflation (as measured by the CPI) low and stable.  This allows individuals to make efficient decisions on investment and expenditure.  A good introduction to Government's policy on inflation in New Zealand is available on the Reserve Bank of New Zealand's website.

Latest Price Indices

Inflation indices
Quarterly (monthly) movement
Annual movement
-0.2%, down from 1.3%
2.0%; down from 3.4% previous yr
-0.2%; up from -0.4%
0.9%; down from 4.1% previous yr
-0.1%; up from -1.4%
-3.6%; down from 9.9% previous yr
0.4%; up from -1.1%
-3.2%; down from 9.7% previous yr
0.5%; up from 0.3%
2.1%; down from 3.9% previous yr
-1.3 (Feb); 2.1 (Jan); -0.3% (Dec); -0.3% (Nov); -1.5% (Oct); -0.7% (Sep); -0.9% (Aug).
0.7%; down from 8.8%  previous yr

 

Time to eat your fruit and veg
11 Dec 2009
Food prices fell for the fourth month in a row in November 2009 by 0.3 percent, led by a 2.0% fall in the price of fruit and vegetables. On the year, food prices have increased by only 0.9%, which is the lowest annual rise since 2005. The key food group enabling this is fruit and vegetables, where prices have fallen by 7.6% on the year.  As shown in the graph the fall in prices has been »»
Lower dairy prices mean Producers Prices continue easing in September 2009
23 Nov 2009
On the September 2009 quarter, the producers’ price Index (PPI) outputs index fell 1.4 percent, while the PPI inputs index fell 1.1 percent. On the September 2009 year, output prices have fallen by 2.1 percent, while input prices have fallen 5.8 percent. This easing in producers’ prices began a year ago, after two and a half years of rapid growth. The fall in output prices have »»
Capital Goods Price Index falls in the September 2009 quarter
19 Nov 2009
The capital goods price index (CGPI) fell by 0.4 percent in the September 2009 quarter, which took the annual change to a 2.3 percent increase.  This is the second consecutive quarter of easing in annual prices, following rapid increases over 2008. It is also the first quarterly fall in prices since the March 2003 quarter. On the September 2009 quarter, four of the six asset »»
Annual labour cost increases ease for the fourth consecutive quarter
06 Nov 2009
The increase in labour costs continues to slow in the September 2009 quarter, with salary and wage rates (including overtime) going up by 0.5 percent on the quarter and 2.1 percent on the year. The annual increase is the lowest recorded since the December 2002 quarter and it is the fourth consecutive quarter of easing increases in annual labour costs. The major reason for the increases this quarter have been collective employment agreements, »»
Food prices continue to fall in October
Increase in food prices continue to ease in September
Consumer prices rise unexpectedly in the September 09 quarter
Fall in food prices back on track in August
Producers Prices ease in June 2009
Nectarines are cheaper in July 09
Labour costs up but easing
Prices surprise on the upside in June 09 but no cause for kneejerk reaction
Chilli winter pushes food prices up in June 09
Groceries keep food prices up in May 09
Producers prices ease but Capital Goods driven higher by exchange rate
Food prices drop in April but still up on the year
Labour costs ignore recession
People spending less (and fuel) forces prices on non-necessities down
Food price rises are easing
Investment and production prices continue to rise despite the recession
So thats what happened to all those sheep!!
Salad is good – Just not fruit salad … or potato salad
Producers’ prices continue to climb in the September 08 quarter
Capital goods index up 3.8% on the year
Food prices ease in October 08
Labour costs continue to rise
Inflation hits 5.1% - Whoop de do!
Saveloys no longer in the Kiwi food basket
Producers prices outputs index 8.5% up on the year to June 2008
Capital goods price index up 3.5 percent on the year to June 2008 quarter
Wages rise in response to inflation - and don't forget the tight labour market
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Business and Economic Research Ltd 2007

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