That is a very large proportion of our economic activity, in relative terms twice as big as the impact of the recent Japanese earthquake. These estimates are very uncertain and could move around a lot.
10  Figure 7: Other transport services (includes vehicle relicensing fees; contribution to annual CPI inflation) Ppts  Ppts  0.2  0.2  0.1  0.1  0.0  0.0  -0.1  -0.1  -0.2  -0.2  -0.3  -0.3  -0.4  2008  2010  2012  2014  -0.4 2016  Source: Statistics New Zealand, RBNZ estimates.