Kōrero: Prices and inflation

Change of prices of selected goods and services, 1999–2008

Change of prices of selected goods and services, 1999–2008

This graph shows there can be some quite dramatic changes in relative prices even during a period when the consumer price index rises moderately. The price of milk and cheese increased because there was an international price rise in these commodities. On the other hand communication services actually fell in price, partly because rapid technological development made the costs of supplying telephone or internet communications cheaper in real terms, and partly because this area saw fierce market competition.

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Te tuhi tohutoro mō tēnei whārangi:

Adolf Stroombergen, 'Prices and inflation - Changes in relative prices', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/graph/23092/change-of-prices-of-selected-goods-and-services-1999-2008 (accessed 28 September 2020)

He kōrero nā Adolf Stroombergen, i tāngia i te 11 Mar 2010