Consumer Price Index (CPI) – is a quarterly measure of the overall cost of goods and services bought by a typical household (consumer). It is a measure of the general price level in the country. Changes from one period to another (the inflation rate) indicate the general price movement. The Consumer Price Index covers price changes of the basket of goods and services consumed by all households on Rarotonga (the main island). The inclusion of an underlying measure is a recent improvement and it is published at the same time as the CPI. The underlying measure excludes items of a highly volatile nature, items that are subject to policy changes. It excludes some items fruits, vegetables, meat and fish, electricity rates, purchases of new and used motor vehicles, petrol and diesel, international airfares and domestic airfares. The CPI is calculated as chain-linked Jevons indices (change in the geometric average price). At the higher level, indices will be calculated with standard Laspeyres-type aggregation.

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Consumers Price Index – December Quarter 2023

Consumers Price Index – December Quarter 2023

KEY FACTS In the December 2023 quarter compared with September 2023 quarter, the consumer price index (CPI) increased by 0.11% and the Underlying CPI increased by 0.37% Miscellaneous goods & services rising by 1.47%, influenced byPersonal...

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Consumers Price Index – September Quarter 2023

Consumers Price Index – September Quarter 2023

KEY FACTS In the September 2023 quarter compared with June 2023 quarter, the Consumer Price Index (CPI) increased by 0.8 per cent and the Underlying CPI rose by 0.9 per cent. Miscellaneous Goods & Services Group experienced a 3.1 per cent increase driven by highly...

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Consumers Price Index – June Quarter 2023

Consumers Price Index – June Quarter 2023

KEY FACTS In the June 2023 quarter compared with March 2023 quarter: The Consumer Price Index for June quarter 2023 increased by 2.0 per cent. Clothing and Footwear division increased by 6.7%, factored by: Footwear group (up by 14.9 per cent) Clothing group (up by 5.5...

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Consumers Price Index – March Quarter 2023

Consumers Price Index – March Quarter 2023

KEY FACTS In the March 2023 quarter compared with December 2022 quarter, the All Group Consumer Price Index (CPI) increased by 1.5 percent with the Underlying CPI increasing by 1.7 percent. Alcoholic Beverages and Tobacco index...

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Consumers Price Index – December Quarter 2022

Consumers Price Index – December Quarter 2022

KEY FACTS Quarterly change In the December 2022 quarter compared with September 2022 quarter, the All Group Consumer Price Index (CPI) increased by 2.0 percent and the Underlying CPI increased by 0.9 percent. Clothing and...

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