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Months (a) |
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Annual average (a) (b) |
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2012 |
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| Country |
2008 |
2009 |
2010 |
2011 |
|
Jun |
Jul |
Aug |
Sep |
|
|
|
|
|
|
|
|
|
|
| Australia (c) |
4.4 |
1.8 |
2.9 |
3.4 |
|
1.2 |
|
|
2.0 |
| Canada |
2.4 |
0.3 |
1.8 |
2.9 |
|
1.5 |
1.3 |
1.3 |
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| China |
5.9 |
-0.7 |
3.3 |
5.4 |
|
2.2 |
1.8 |
2.0 |
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| France |
2.8 |
0.1 |
1.5 |
2.1 |
|
1.9 |
1.9 |
2.1 |
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| Germany |
2.6 |
0.3 |
1.1 |
2.3 |
|
1.7 |
1.7 |
2.1 |
2.0 |
| Indonesia |
9.8 |
4.8 |
5.1 |
5.4 |
|
4.5 |
4.6 |
4.6 |
4.3 |
| Italy |
3.4 |
0.8 |
1.5 |
2.7 |
|
3.3 |
3.1 |
3.2 |
3.2 |
| Japan |
1.4 |
-1.4 |
-0.7 |
-0.3 |
|
-0.1 |
-0.4 |
-0.5 |
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| Korea (South) |
4.7 |
2.8 |
3.0 |
4.0 |
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2.2 |
1.5 |
1.2 |
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| Malaysia |
5.4 |
0.6 |
1.7 |
3.2 |
|
1.6 |
1.4 |
1.4 |
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| New Zealand (c) |
4.0 |
2.1 |
2.3 |
4.0 |
|
1.0 |
|
|
0.8 |
| Philippines |
8.3 |
4.1 |
3.9 |
4.7 |
|
2.9 |
3.2 |
3.8 |
3.6 |
| Singapore |
6.5 |
0.6 |
2.8 |
5.2 |
|
5.3 |
4.1 |
3.9 |
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| Thailand |
5.4 |
-0.9 |
3.3 |
3.8 |
|
2.6 |
2.7 |
2.7 |
3.4 |
| United Kingdom |
3.6 |
2.2 |
3.3 |
4.5 |
|
2.4 |
2.6 |
2.5 |
2.2 |
| United States |
3.8 |
-0.4 |
1.6 |
3.2 |
|
1.7 |
1.4 |
1.7 |
2.0 |
| OECD average |
3.7 |
0.5 |
1.9 |
2.9 |
|
2.0 |
1.9 |
2.1 |
2.2 |
| G7 average |
3.2 |
-0.1 |
1.4 |
2.6 |
|
1.6 |
1.4 |
1.6 |
1.7 |
| Euro-zone average |
3.3 |
0.3 |
1.6 |
2.7 |
|
2.4 |
2.4 |
2.6 |
2.6 |
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(a) Percentage change in consumer price indexes over previous year.
(b) Years shown are calendar years.
(c) Data only available quarterly.
Sources: Datastream
ABS, Consumer price index, Cat. no. 6401.0Statistics New Zealand
Update Late November 2012
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Key points
The global economic downturn in 2009 brought about a dramatic fall in consumer prices. Economic recovery in 2010 and 2011 then started to push prices up again.
However, the economic recovery that began in 2010 has faltered in many countries, including China, leading to a fall in consumer prices.
Despite its strong economy, prices have also been falling in Australia. At 2.0 per cent Australia has gone from being a relatively high inflation economy at the end of 2011 to a relatively low inflation economy. For example, the average for the Euro-zone was 2.6 per cent in September.
What is measured
A consumer price index (CPI) is used to measure price inflation for households. The goods and services purchased by households are combined into a basket that reflects their consumption patterns. From time to time the basket will be reviewed to take into account changes in consumption patterns.
The data in this bulletin report show the changes in the overall prices of baskets of goods and services in the various countries.
Most countries conduct surveys on a monthly basis, however, Australia and New Zealand conduct quarterly surveys.
Related statistics in this bulletin
- 2.4 Consumer price index
- 8.1 Economic growth
- 8.3 Unemployment rates
- 8.4 Short term interest rates
Related publications
- OECD, Economic outlook
- IMF, International financial statistics
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