Capital goods prices up 0.5 percent

In the June 2013 quarter, the price of purchasing new capital items rose 0.5 percent, Statistics New Zealand said today.

Three of six asset groups measured by the capital goods price index (CGPI) rose.

The major upward contributions to the CGPI came from:

  • the residential buildings price index (up 1.4 percent)
  • the non-residential buildings price index (up 0.5 percent).

The rises in the June 2013 quarter were partly offset by decreases in the price index for transport
equipment (down 0.3 percent) and the index for plant, machinery, and equipment (down 0.2 percent).

In the year to the June 2013 quarter, the CGPI rose 0.8 percent.

The CGPI measures the change in the purchase price of new capital goods used by New Zealand