Report on the cost of living in New Zealand, 1891-1914, being an inquiry into the course of retail prices during the period 1891-1914; with monthly tables showing increases during war period--July, 1914, to August, 1915 . ual aggregate expeuditart-, fuur chief centrts, 1909-13 = 1,000.) 1,100 / Annual,Quinquennia 1,050 1,000 950 900 «50 1. /// / / 1 / ^. y i >v \ 7 \ / X \ - \ * /> 7 1^ \ 4) 00 49 It will be seen that the price-level of foodstuflts falliug till 18J7 ;but since then a steady rise is apparent. From 1907 till 1911 there wasa decided check in the rise, mamly reflected i
Report on the cost of living in New Zealand, 1891-1914, being an inquiry into the course of retail prices during the period 1891-1914; with monthly tables showing increases during war period--July, 1914, to August, 1915 . ual aggregate expeuditart-, fuur chief centrts, 1909-13 = 1,000.) 1,100 / Annual,Quinquennia 1,050 1,000 950 900 «50 1. /// / / 1 / ^. y i >v \ 7 \ / X \ - \ * /> 7 1^ \ 4) 00 49 It will be seen that the price-level of foodstuflts falliug till 18J7 ;but since then a steady rise is apparent. From 1907 till 1911 there wasa decided check in the rise, mamly reflected in the droj) of 1909. Since1911, however, there has been a considerable rise, especially in 1914. From1891 to 1911 the price of food rose on the average about 7 per cent.,by 1914 the increase was nearly 20 per cent., and 1915 saw a furtherheavy increase. For purposes of comparison, a table is added showing the index numberfor each year, taking the previous year as base, and thus showing theincrease or decrease per cent, from year to year. Index Numbers of Betail Prices of Foodstuffs in the Four Chief Centres ofNew Zealand from 1891-1914, basing the. Index Number of Prices foreach Year upon the Previous Year. In the table just given the percentage increase or decrease is basedonly on the previous year, and the resultant figures are perhaps apt toappear misleading. When there is a succession of increases or decreasesit must be remembered that the effect is cumulative, or equal to compoundinterest. However, a table is given below whicli bases the index numberson the prices for 1891, and thu? shows the ])ercentage increase of eachyear over 1891. 50 hidcx Numbers oj Retail Prices of Foodstuffs in the Four Chief Centres ofNew Zealand from 1891-1914. (Base : Average aggregate expenditure, four chief centres, 1891 = 1,000.) Year. 189118921893189418951896189718981899190019011902 Increase Decrease^tI^kL percent, per ^ ^verl891., over 1891. Index 1,000 _ 995 17 1
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