New zealand's annual inflation cooled down as expected to 4 percent in march,. The consumer price index (cpi), released by statistics new zealand on a quarterly basis, measures changes in the price of goods and services bought.
We know how much prices have increased because of the consumers price index or cpi, which we use to tell us how much prices have changed over the year. There are about 650 goods and services included in the basket.
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Inflation rate in new zealand decreased to 4 percent in the first quarter of 2024 from 4.70 percent in the fourth quarter of 2023.
It Records Changes In The Price Of Goods And Services.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.
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International monetary fund, international financial statistics and data files.