This infographic highlights some of the key things that are in and out following Stats NZ's latest update to the CPI basket.
Our review has shown that people are spending more on meal kits and smart watches, but less on older technology such as DVDs, home telephone line rentals, national toll calls, and burglar alarm monitoring services.
Improved coverage and data sources for cruise holiday spending means these have now been added to the basket as their own specific item.
Consumers price index review: 2024 outlines all the changes made to the basket of goods and services.
Text description for infographic: CPI Basket Review 2024 - Stats NZ
This infographic shows which items have been added to and removed from New Zealand's Consumers price index (CPI).
The items are illustrated entering or leaving an orange shopping basket, representing the CPI basket. Items added appear on the left with green arrows pointing into the basket. Items removed appear on the right with red arrows pointing out.
Items Added to the CPI Basket (IN):
- Delivered meal kits
- Smart watches
- Cruise ship holidays
Items Removed from the CPI Basket (OUT):
- Home phone line, National toll calls
- DVDs
- Burglar alarm monitoring services
