Consumer Price Index increases by just 0.8%

The Consumer Price Index rose by just 0.8% in the last year, the smallest annual movement since December 1999.

There was a 0.3% rise in the September quarter, compared with the June quarter.

The CPI measures changes in the price of goods and services purchased by New Zealand households.

The prominent increases came in the food group, mainly because of seasonal vegetable price rises.

Decreases came in the transport area, including cheaper second-hand cars, domestic air fares, and petrol.

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