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 . found more usefulto consider a graph based on 1891. The levels of prices and import dutiesare therefore equated to 1,000 in that year, and starting from a commonpoint it is easier to trace the connection and divergence over the period. — D- -o- i < s 11 ( import duties, ^^O^— s ( \ ^ ) J \ ^ \ V. ^ N o- -O 6 / ?^ ?^ ^ 33 Index Numbers of Import Duties and Retail Prices of
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 . found more usefulto consider a graph based on 1891. The levels of prices and import dutiesare therefore equated to 1,000 in that year, and starting from a commonpoint it is easier to trace the connection and divergence over the period. — D- -o- i < s 11 ( import duties, ^^O^— s ( \ ^ ) J \ ^ \ V. ^ N o- -O 6 / ?^ ?^ ^ 33 Index Numbers of Import Duties and Retail Prices of the Commoditiei com-prised in Group la—General Groceries—in the Average of the Four ChiefCentre?, 1891-1914. .(Base: Average aggregate expenditure four chief centres, 1891 = 1,000.) - Import Duties. Retail Prices. - Import Duties. Retail Prices. 1891 1,000 1903 . 782 921 1892 977 1904 . 782 916 1893 963 1905 . 782 906 1894 1 .000 947 1906 . 782 928 1895 946 931 1907 . 736 921 1896 946 929 1908 . 7S6 908 1897 946 936 1909 . 73(5 89() 1898 946 946 1910 . 736 899 1899 946 933 1911 73ti 901 1900 839 931 1912 73(i 910 1901 839 911 1913 . 736 1902 839 927 I9I4 . 736 1 965 .,100. The first obvious feature of the graph given above is the consistentdownward tendency of import duties. Since 1891 every revision of tlietariff has been in the direction of removing the import taxes on foodstuflEs,a fact which is well illustrated here. In addition, the duty has beenremoved from sugar and kerosene, remissions which, though not strictlvapplicable here, affect very important commodities. A comparison of the two curves is very illuminating. Taking tho curveof prices, it will be found that in accordance with the general level ofprices the curve drops from 1891-95. A reduction in the tariff of 1895 is2—Cost of Living 34 followed by a slight drop in prices in 1896; but this is succeeded by animmediate tendency to rise. Thereafter it is very noticeable that the prices
Size: 2112px × 1183px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookidreportoncost, bookyear1915
