The capital goods price index (CGPI) estimates the overall price change in a range of physical assets that the productive sector holds, acquires, or builds. The major asset groups are buildings, both residential and non-residential; civil construction; land improvements; and plant, machinery, and equipment.
This subset only includes the land, construction and transport-related items of the CGPI.
Changes to data collection/processing
Stats NZ have been reviewing the capital goods price index (CGPI) and implemented this review in the December 2022 quarter.
The review includes:
- structural changes to better align with the national accounts
- new series reference codes
- a reweight
- a rebase (September 2022 quarter = 1000).
At URL provided, select 'Economic indicators > Capital Goods Price Index - CEP > Price Index published level of capital goods (Base: September quarter 2022 = 1000) (Qrtly-Mar/Jun/Sep/Dec)'. All variables were selected in order to create this dataset. Figure.NZ has calculated the quarter-on-quarter percentage changes and the year-on-year percentage changes based on the index provided by Stats NZ.