New rental inflation measure shows rising prices in March

Wed, 10 Apr 2019

By Paul McBeth April 11 (BusinessDesk) - Stats NZ's new way of measuring rental price inflation shows it accelerated in March. The new measure draws on Ministry of Business, Innovation and Employment tenancy bond data, replacing a quarterly survey of landlords, and will feed into the consumers price index. The 'stock' measure shows rental price changes across the entire renting population, whereas the 'flow' measure only captures dwellings that have a new bond lodged against them. The national stock rental price index rose 3.4 pe...

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