Household Costs Rise: Sept 2024 Price Index Report

Household living-costs price indexes (HLPIs) provide insights into the inflation experienced by 13 different household groups: beneficiaries, Māori, income quintiles (five groups), expenditure quintiles (five groups), and superannuitants. We publish an all-households HLPI for comparison.

Key facts

Quarterly change

Inflation experienced in the September 2024 quarter:

  • all households was 1.0 percent
  • beneficiaries was 1.1 percent
  • Māori was 0.8 percent
  • superannuitants was 1.7 percent
  • highest-expenditure household group was 0.8 percent
  • lowest-expenditure household group was 1.6 percent.
QuarterAverage householdBeneficiarySuperannuitantExpenditure quintile 1 (low)Expenditure quintile 5 (high)Māori
Sep-160.30.20.30.20.40.2
Dec-160.30.10.30.30.50.2
Mar-170.91.40.91.30.51.3
Jun-170.10.30.20.2-0.10.1
Sep-170.60.50.90.80.60.6
Dec-170.20.20.10.10.30.1
Mar-180.810.60.80.61.3
Jun-180.40.50.30.30.40.2
Sep-180.90.81.210.70.8
Dec-180.100-0.10.20.1
Mar-1900.60.20.5-0.30.4
Jun-190.60.70.70.70.40.6
Sep-190.70.6110.40.6
Dec-190.30.40.40.30.50.4
Mar-200.81.40.61.10.41.1
Jun-20-0.6-0.4-0.5-0.5-0.7-0.5
Sep-200.40.60.70.700.3
Dec-200.10.30.100.30.3
Mar-210.91.10.80.90.81
Jun-211.111.111.21
Sep-211.81.52.221.81.8
Dec-211.21.20.911.51.4
Mar-222.32.21.822.22.3
Jun-221.81.41.51.42.41.9
Sep-222.31.62.422.62.1
Dec-221.61.51.41.51.81.5
Mar-231.821.51.91.61.8
Jun-231.41.31.31.41.41.4
Sep-232.51.82.42.32.62.4
Dec-231.21.10.80.91.41.3
Mar-2411.10.7111
Jun-240.60.50.70.70.50.7
Sep-2411.11.71.60.80.8

Annual change

Inflation experienced in the 12 months to the September 2024 quarter:

  • all households was 3.8 percent
  • beneficiaries was 3.8 percent
  • Māori was 3.9 percent
  • superannuitants was 3.9 percent
  • highest-expenditure household group was 3.7 percent
  • lowest-expenditure household group was 4.3 percent.
QuarterAverage householdBeneficiarySuperannuitantExpenditure quintile 1 (low)Expenditure quintile 5 (high)Māori
Sep-160.10.80.40.6-0.30.2
Dec-1611.41.31.40.61.1
Mar-171.92.222.31.62.1
Jun-171.621.721.31.8
Sep-171.92.32.32.61.52.2
Dec-171.82.42.12.41.32.1
Mar-181.71.91.81.81.42
Jun-181.92.11.91.91.92.1
Sep-182.22.42.22.21.92.3
Dec-182.12.22.121.82.3
Mar-191.31.81.71.711.4
Jun-191.52.12.12.111.8
Sep-191.321.92.10.71.6
Dec-191.52.32.32.411.9
Mar-202.43.22.73.11.62.6
Jun-201.121.620.61.6
Sep-200.821.31.70.21.3
Dec-200.71.911.401.2
Mar-210.71.61.21.20.41.1
Jun-212.532.82.62.32.6
Sep-2143.94.23.94.14.1
Dec-215.24.854.95.45.3
Mar-226.666.166.96.7
Jun-227.46.56.66.58.17.6
Sep-227.86.66.96.59.17.9
Dec-228.26.97.47.19.48.1
Mar-237.76.77.16.98.77.5
Jun-237.26.56.86.97.87.1
Sep-237.46.76.77.27.77.4
Dec-2376.26.16.67.37.1
Mar-246.25.35.25.76.66.3
Jun-245.44.54.655.65.5
Sep-243.83.83.94.33.73.9

About the HLPIs and link to CPI

  • Each quarter, the household living-costs price indexes (HLPIs) measure how inflation affects 13 different household groups, plus an all-households group. The consumers price index (CPI) measures how inflation affects New Zealand as a whole.
  • The all-households group, or the average household, represents all private New Zealand-resident households. Lowest-spending, middle-spending, and highest-spending groups relate to expenditure quintiles 1, 3, and 5.
  • Household living-costs price indexes (HLPIs) - DataInfo+ has more information about the different household groups.
  • Annual inflation, as measured by the CPI, was 2.2 percent in the September 2024 quarter , while annual inflation for the average household as measured by the HLPIs was 3.8 percent. The two measures of inflation are typically used for different purposes. A key use of the CPI is for monetary policy, while the HLPIs provide insight into the cost of living for different household groups.
  • One important difference between the two is the treatment of housing. The CPI captures the cost of building a new home, while the HLPIs capture mortgage interest payments.
  • How housing costs are measured in consumer price indexes at Stats NZ has more information about how we measure different housing-related costs.
  • In the HLPIs, interest payments increased by 18.2 percent for the average household in the 12 months to the September 2024 quarter. In the CPI, the cost of building a new home increased by 2.5 percent in the same period.

More data

Use Infoshare for quarterly household living-costs price indexes tables:

Subject category: Economic indicators
Group: Household living-costs price indexes - HPI

Definitions and metadata

Household living-costs price indexes methodology - DataInfo+ gives general methodology used to produce quarterly HLPI statistics.

Household living-costs price indexes concepts - DataInfo+ gives definitions of terms used in this release.

Technical enquiries

Zack Lindsay
04 931 4600
[email protected]

ISSN 2463-719X

Next release

Household living-costs price indexes: December 2024 quarter will be released on 3 February 2025.

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