Capital Goods Price Index

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Capital Goods Price Index

A measure of inflation in New Zealand that considers what companies spend on capital assets, which are assets used to produce other assets. It is calculated by considering changes to prices in a basket of capital assets each quarter. Assets included in the index are: buildings (both residential and non-residential), land improvement costs, plant construction and machinery, and transportation equipment.
References in periodicals archive ?
The CGPI is an index of fluctuations in the prices of products traded between companies, such as crude oil, steel and various industrial components.
The BOJ also said in its preliminary report that the CGPI for fiscal 2003 through March 31 dropped 0.
The CGPI the BOJ began using in December is effectively identical to the wholesale prices index used previously.
The CGPI was introduced in January to replace the wholesale prices index (WPI).
The February CGPI reading signified a month-to-month rise of 0.
Compared with wholesale price levels in 2000, the gauge attested to a much steeper fall, with the CGPI reading for January coming to 95.
It is the first time for the central bank to release the CGPI, which replaces the wholesale prices index (WPI).