New Zealand Law Society - Big rise in legal services prices

Big rise in legal services prices

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Prices for legal services rose by 2.6% in the March 2017 quarter and by 4.1% in the year to 31 March 2017, according to Statistics New Zealand's producers price index.

There was a 0.3% rise in the March 2016 quarter, and legal services prices rose by 2.0% in the year to 31 March 2016.

Producers Price Index, selected commodities, change over specified period

Commodity March 2017 quarter March 2016 quarter Year to 31 Mar 2017 Year to 31 Mar 2016
Legal services 2.6% 0.3% 4.1% 2.0%
Accounting services -0.3% 0.4% 4.8% 1.7%
Veterinary services 0.8% 0.1% 2.1% 1.5%
Civil engineering services -0.2% -0.2% 3.8% -0.2%
Residential building construction 0.9% 1.0% 5.7% 4.4%
Non-residential building construction 0.7% 1.1% 4.1% 2.7%
Commercial land & building rent 0.0% 0.0% 2.8% 0.7%