New Zealand Capital Goods Prices Rise 1.0% In Q4

(RTTNews) - Capital goods prices in New Zealand were up 1.0 percent on quarter in the fourth quarter of 2014, Statistics New Zealand said on Thursday.

Five of six asset groups measured by the capital goods price index (CGPI) rose, and one remained unchanged.

The major upward contributions to the CGPI came from higher prices for residential buildings (up 1.8 percent) and plant, machinery, and equipment (up 0.8 percent).

On a yearly basis, the CGPI climbed 2.8 percent. The increase for residential buildings (up 5.3 percent) was the main contributor to the change, partly offsetting a decrease in transport equipment prices (down 0.5 percent).