Mnemonic | PPI.INZL | |
---|---|---|
Unit | Index 2010=1000, NSA | |
Adjustments | Not Seasonally Adjusted | |
Quarterly | 0.95 % | |
Data | 2023 Q4 | 1,384 |
2023 Q3 | 1,371 |
Source | Statistics New Zealand |
Release | Capital goods price Index (CPGI), producers price index (PPI) |
Frequency | Quarterly |
Start Date | 12/31/1977 |
End Date | 12/31/2023 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Consumer Price Index (CPI) | 2023 Q4 | 1,259 | 1,253 | Index 2017Q2=1000, NSA | Quarterly |
Producer Price Index (PPI) | 2023 Q4 | 1,384 | 1,371 | Index 2010=1000, NSA | Quarterly |
For New Zealand, the "Business Price Indexes" statistical release includes the capital goods price index (CPGI), farm expenses price index (FEPI) and producers price index (PPI).
The Capital Goods Price Index (CPGI) measures price changes for six groups of physical capital assets purchased by producers of goods and services. These are:
The CGPI can be used as a measure of price stability like the CPI and PPI, for inflation accounting, and in replacement-value insurance policies. The asset-type indexes can be used in cost escalation clauses for that type of asset.
Active:
Predecessor(s):
Active:
Predecessor(s):
The source writes:
The price surveys of capital items for the CGPI cannot possibly cover all the items purchased by producers.
However, it is not necessary to survey the prices of all capital items that the producers purchase, as many related items are subject to similar price movements. The solution is to survey the prices of a selection of goods and services, which will represent the price movements of the much wider range of items that businesses purchase. The factors, which are to be taken into account when selecting items to be price surveyed, are the selected capital items should:
The prices used in the Capital Goods Price Index are collected by the Commodity Price Survey, which is a postal survey of about 3,000 respondents. Prices are generally collected each quarter and measure the price at the 15th of the middle month of the quarter.
The survey design is a purposive sample of outlets and items. Some prices used in the Capital Goods Price Index are obtained from various other publications. Most of the 'outlets' used within the Capital Goods Price Index are either manufacturers or wholesalers (eg cars). Some retailers also provide prices.
Yes. Data are revised when new data becomes available.
Unlike most countries and most indexes, all indexes from StatsNZ use a base value of 1000, not 100.
At the source: