Latest CPI data

Posted 24 July 2014 by Mike Johnson remuneration, CPI, Salary increases;

The CPI figures for the year to 30 June 2014 have just been released at 1.6%, which is very consistent with inflationary pressures in the preceding 6 months. Fortunately a strong NZ$ has offset the impact of increasing housing and household utility costs. My sense, though, is that in Christchurch the housing costs will have increased rather more than elsewhere so the pressure on local wages will remain higher than inflation.

Interestingly a recently settled EPMU collective (Metals and Manufacturing) has just agreed on a 2.5% increase.

If you have not set a specific time to consider an annual adjustment for your staff, now may be a good time; and we can help.