Affordability

What happened to food and power prices?

Insufficient

Electricity prices rose 12.0%.

CPI food prices were 2.5% higher in the year to June 2026. CPI electricity was 12.0% higher and made an 8.4% contribution to the 4.1% annual CPI rise (about 0.3 percentage points). MBIE’s QSDEP advertised residential rate was 42.1 c/kWh on 15 August 2026.

Data as of 23 Sept 2026

Topic verdict rule: insufficient indicators. Official significance, published CIs, then like-for-like year-on-year — never hand-set.

Official series

CPI electricity annual change

Insufficient

12 % · weak confidence

Fewer than two official observations — no trend can be derived.

Stats NZ · as of 16 Jul 2026 (opens in a new tab)

CPI electricity class, June 2026 quarter vs June 2025. Electricity made an 8.4% contribution to the 4.1% annual CPI rise (about 0.3 percentage points).

CPI / SPI food group annual change

Insufficient

2.5 % · weak confidence

Fewer than two official observations — no trend can be derived.

Stats NZ · as of 13 Jul 2026 (opens in a new tab)

Selected price indexes food group, June 2026 vs June 2025.

QSDEP advertised residential electricity price

Insufficient

42.1 c/kWh · weak confidence

Seasonal series needs the same quarter or month a year earlier. A short within-year run is not a trend.

Ministry of Business, Innovation and Employment · as of 23 Sept 2026 (opens in a new tab)

National average advertised low-user residential tariff, 8,000 kWh/year model household, GST and prompt-payment discount included.

Notable findings

Insufficientweak evidence

QSDEP advertised residential electricity price is insufficient

QSDEP advertised residential electricity price moved from 42.0 c/kWh to 42.1 c/kWh (May 2026 → August 2026). Verdict Insufficient is derived (insufficient), not an editorial call. The movement is an association in the official series.

Official or openly licensed primary sources only. Definition changes and revisions can move a series without a real-world change.

What this does not tell us

  • QSDEP models one advertised low-user tariff. It is not the amount every household paid.
  • SPI food is monthly; CPI electricity here is the quarterly class.

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