Annual inflation at 4.46 percent

The annual inflation rate stands at 4.46 percent.

This is according to the Niue Consumer Price Index which measures changes in the prices of goods and services that households consume.

Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services does not all change at the same rate, a price index can only reflect their average movements.

The statistical release for the second quarter of 2019 ending 30th June states the quarterly inflation rate is 0.83 percent. 

Largest positive contributor to the consumer price index is meat particularly mutton and lamb with 0.49 nine percent while the largest negative contribution was beef with -0.12 two percent.