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    by Published on October 24th, 2014 06:33 PM

    Consumers Price Index: September 2014 quarter – Media Release

    The consumers price index (CPI) rose 0.3 percent in the September 2014 quarter, Statistics New Zealand said today. This is the third consecutive quarterly rise of 0.3 percent.

    “Higher housing-related prices were responsible for about three-quarters of the rise in the CPI this quarter. The rest of the basket was relatively subdued,” prices ...
    by Published on October 24th, 2014 05:47 PM
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    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.

    Increases in shelter and food indexes outweighed declines in energy indexes to result in the seasonally adjusted all items increase. ...
    by Published on October 24th, 2014 05:41 PM

    Bank of Canada maintains overnight rate target at 1 per cent

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

    Inflation in Canada is close to the 2 per cent target. Core ...
    by Published on October 22nd, 2014 07:14 PM
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    The Governor invited the Committee to vote on the propositions that:

    • Bank Rate should be maintained at 0.5%;
    • The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

    Regarding Bank Rate, seven members of the Committee ...
    by Published on October 22nd, 2014 02:01 PM

    ABS CPI September quarter 2014 rises 0.5%

    The Consumer Price Index (CPI) rose 0.5% in the September quarter 2014, following a rise of 0.5% in the June quarter 2014.

    The most significant price rises this quarter were for fruit (+14.7%), new dwelling purchase by owner-occupiers (+1.1%), property rates and charges (+6.3%) and other services in ...
    by Published on October 22nd, 2014 01:21 PM

    Preliminary Accounting Results of GDP for the First Three Quarters of 2014

    According to the relevant basic information and national accounting methods, the preliminary accounting results of GDP for the first three quarters of 2014 are as follows:

    Quarterly GDP Accounting Instructions

    1. Overview on Quarterly GDP Accounting

    1.1 Basic Concepts

    Gross Domestic Product (GDP) refers to the final products at market prices produced by all resident units in a country (or a region) during a certain period of time. GDP is the core indicator of the national accounts, and also an important indicator to measure the economic conditions and the level of development of a country or region.

    In the practice of national accounting, gross domestic product is calculated from three approaches, namely production approach, income approach and expenditure approach, which reflect gross domestic product and its composition from different angles. GDP by production approach refers to the method from the point of view of production of measuring resident units create new value for a new accounting period, i.e. production from various sectors of the national economy during the accounting period, the total value of the product, minus ...
    by Published on October 17th, 2014 08:59 PM
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    The Consumer Price Index (CPI) rose 2.0% in the 12 months to September, after increasing 2.1% in August.

    Chart description: The 12-month change in the Consumer Price Index
    CSV version of chart 1

    12-month change in the major components

    Prices increased in all major components in the 12 months to September. Higher prices for shelter and food contributed the most to the rise in the CPI, while the transportation index posted the smallest increase.

    Chart description: Prices increase in all major components
    CSV version of chart 2

    Shelter costs rose 2.7% in ...
    by Published on October 16th, 2014 08:55 PM
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    The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading - day differences, but not for price changes, were $442.7 billion, a decrease of 0.3 percent(±0.5%)* from the previous month, but 4.3 percent (±0.9%) above ...

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