New Stats NZ index shows housing rents rose 3.3% in year ended February

Tue, 12 Mar 2019

By Jenny Ruth March 13 (BusinessDesk) - Housing rents across New Zealand rose 0.2 percent in February, taking the annual rental increase to 3.3 percent, according to a new Stats NZ index. The agency will be including data from the new index in the quarterly Consumers Price Index from the June quarter of this year. The government statistician calls the measure of all rents in the country the “stock” measure and says this most closely aligns with the current CPI method and national accounts measures that use the CPI. “Stock measures a...

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