New Zealand Law Society - Legal services prices up 1.8% in past year

Legal services prices up 1.8% in past year

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Prices for legal services rose by 1.0% in the December 2016 quarter, after showing no increase in the previous quarter, Statistics New Zealand's producers price index shows.

In the December 2015 quarter legal services prices rose by 0.3%.

In the year to 31 December 2016, the prices of legal services increased by 1.8%. This compares with a rise of 0.7% in the year to 31 December 2015.

Producers Price Index, selected commodities, change over specified period

Commodity Dec 2016 quarter Dec 2015 quarter Year to 31 Dec 2016 Year to 31 Dec 2015
Legal services 1.0% 0.3% 1.8% 0.6%
Accounting services 0.2% 0.3% 5.6% 1.5%
Veterinary services 0.6% 0.1% 1.3% 1.1%
Civil engineering services 3.3% -0.1% 3.8% 0.6%
Residential building construction 1.3% 1.0% 5.8% 4.3%
Non-residential building construction 1.4% 0.6% 4.5% 2.9%
Commercial land & building rent 1.0% 0.2% 2.7% 0.7%