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Prices & Spending

September's retail spending higher than expected

September's retail spending higher than expected
Wellington, Nov 15 NZPA - Total and core retail sales each rose 1.6 percent in the month of September -- surprising some economists.

Food prices up 2.2 pct in October

Food prices up 2.2 pct in October
Wellington, Nov 11 NZPA - Food prices rose 2.2 percent in October, following the increase in GST at the start of the month.

NZ card transactions up seas/adj 0.9 pct in October

NZ card transactions up seas/adj 0.9 pct in October
Wellington, Nov 9 NZPA - Spending using electronic cards rose strongly for a second consecutive month, but the increase in October followed tax changes and rises in fuel excise.

Bump in retail spending

Bump in retail spending
Wellington, Nov 8 NZPA - Shoppers bumped up spending last month, but how much of that was due to tax changes is not clear. From October 1 GST rose from 12.5 percent to 15 percent while personal taxes fell.

Govt Sept quarter tax revenue $1.1b below forecast

Govt Sept quarter tax revenue $1.1b below forecast
Wellington, Nov 8 NZPA - Government tax revenue was $1.1 billion or 8.2 percent lower than forecast for the three months to the end of September.

Consumer confidence weak in ANZ-Roy Morgan survey

Consumer confidence weak in ANZ-Roy Morgan survey
Wellington, Oct 21 NZPA - Consumer confidence has fallen in the latest ANZ-Roy Morgan Consumer Confidence survey and a nosedive in confidence has been recorded in responses to a question regarding whether it is a good time to buy a major household appliance.

Spat over living cost continued in Parliament

Spat over living cost continued in Parliament
Wellington, Oct 19 NZPA - Labour and National continued their spat over the cost of living today with both sides claiming in Parliament the other has their figures wrong.

Govt claims credit for six-year inflation low

Govt claims credit for six-year inflation low
By Kate Chapman of NZPA Wellington, Oct 18 NZPA - The Government is claiming credit for low price rises saying people have more money in their pockets on the back on low inflation and increasing wages.

Food price rise raises concerns

Food price rise raises concerns
Wellington, Oct 18 NZPA - A 2.4 percent rise in food prices in the September quarter is raising concerns about the long term impact of higher global food costs.

NZ inflation rises 1.1 pct in Sept quarter

NZ inflation rises 1.1 pct in Sept quarter
Wellington, Oct 18 NZPA - The consumers price index (CPI) rose 1.1 percent in the September quarter, and 1.5 percent for the September year, the lowest annual rise since March 2004.

Labour promises bold new policies

Labour promises bold new policies
By Peter Wilson of NZPA Auckland, Oct 16 NZPA - Labour is promising bold new policies for the care and education of children to put to voters at the next election.

King to outline social policy

King to outline social policy
By Peter Wilson of NZPA Auckland, Oct 16 NZPA - Labour's deputy leader Annette King will outline social policy the party is developing when she speaks at its annual conference today.

How I gave myself a pay rise

How I gave myself a pay rise
Even when I started making more money in my business I still found I never had any for myself. I was stuck in the mindset of paying myself a small amount while investing the rest to grow the business. However there were a few problems with that.

Labour will focus on 'real issues', Goff says

Labour will focus on 'real issues', Goff says
By Peter Wilson of NZPA Wellington, Oct 15 NZPA - Labour leader Phil Goff will tell his party's annual conference on Sunday that it is time to get back to basics, focus on the issues that really matter and start closing in on National.

Food prices up 0.7 pc in September

Food prices up 0.7 pc in September
Wellington, Oct 13 NZPA - Food prices rose 0.7 percent in September, with groceries up 1.2 percent and fruit and vegetables up 2.6 percent.

Confessions Of A Shopaholic

On the weekend I watched the movie Confessions of a Shopaholic, which has been out a year or two. I suppose you would call it a chick flick. Although it is a quiet an entertaining comedy it also has a serious side. It's about a women who is addicted to shopping and is heavily in debt.

Climate change inaction will be costly, Greens say

Wellington, Sept 20 NZPA - A poll suggesting climate change has slipped down the list of important issues for New Zealanders is not a reason to ignore it and risk further damage to the economy, the Green Party says.

Concern about climate change slips, survey suggests

Wellington, Sept 20 NZPA - A new survey suggests concern about climate change has slipped slightly from a year ago.

Retail sales slip in July, after strong June

Retail sales slip in July, after strong June
Wellington, Sept 14 NZPA - Retail sales figures slipped back in July, following strong results in June, sending the New Zealand dollar plummeting nearly half a cent against the greenback.

Economic confidence down since June

Wellington, Sept 14 NZPA - A big majority of New Zealanders have lost confidence in the economy, according to a new poll.

Food prices down 0.1 percent

Food prices down 0.1 percent
Wellington, Sept 13 NZPA - Food prices were flat in August as lower fruit and vegetable prices were offset by higher grocery food, poultry, and non-alcholic beverage prices, Statistics New Zealand (SNZ) said today.

Higher dairy, meat, fuel prices affect producers' prices

Higher dairy, meat, fuel prices affect producers' prices
Wellington, Aug 19 NZPA - Higher prices for dairy, meat and fuel products affected the prices received by producers in the June quarter and the costs of production.

Petrol prices drop 2c

Petrol prices drop 2c
Wellington, Aug 17 NZPA - Two petrol companies have today dropped their petrol prices. Greenstone, the owner and operator of Shell service stations, made the 2 cent drop to 175.9c per litre of 91 octane, citing a drop in the cost of fuel on the international market.

NZ retail sales volumes stronger than expected

NZ retail sales volumes stronger than expected
Wellington, Aug 13 NZPA - Retail sales rose a seasonally and inflation adjusted 1.3 percent in the June quarter, better than expected by economists, with the largest increase recorded in vehicle sales.

Food prices rise 1.6 percent in July

Food prices rise 1.6 percent in July
Wellington, Aug 12 NZPA - Food prices rose 1.6 percent in July, reflecting higher dairy prices and a winter increase in vegetable prices.

Electronic card transactions flat in July as fuel sales fall

Electronic card transactions flat in July as fuel sales fall
Wellington, Aug 10 NZPA - The value of transactions using electronic cards in retail industries fell a seasonably adjusted 0.1 percent in July from June, mainly due to a 3.1 percent fall in fuel sales.

Core retail electronic card spending up

Core retail electronic card spending up
The seasonally adjusted value of electronic card transactions in core retail (which excludes the motor vehicle-related industries) increased 0.7 percent in July 2010 compared with June 2010, Statistics New Zealand said today.

NZ inflation rises 0.3 percent in June quarter

Wellington, July 16 NZPA - The consumer price index (CPI) rose a smaller than expected 0.3 percent in the June quarter, giving an annual rate of 1.8 percent.

Vege growers call for probe of retail margins

Vege growers call for probe of retail margins
Wellington, July 5 NZPA - Fruit and vegetable growers say they want an independent investigation of the retail pricing of their produce, in the wake of evidence that growers are not getting paid any more for produce than they were five years ago.

Row over supermarket prices heats up

Row over supermarket prices heats up
Wellington, June 5 NZPA - Vegetable and fruit growers are backing a call for an investigation of supermarket prices, although the retail marketers deny they are ripping off consumers with huge mark-ups.

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