The import price index in New Zealand jumped 1.7 percent on quarter to 814 index points in the second quarter of 2018. It follows a downwardly revised 0.2 percent drop in the previous period and compares with market expectations of a bigger 2 percent increase. This rise was led by 14 percent gain in crude oil prices which hit their highest level since the December 2014 quarter. Import Prices in New Zealand averaged 531.04 Index Points from 1950 until 2018, reaching an all time high of 1128 Index Points in the fourth quarter of 2000 and a record low of 70.43 Index Points in the first quarter of 1950.
Import Prices in New Zealand is expected to be 835.42 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in New Zealand to stand at 855.77 in 12 months time. In the long-term, the New Zealand Import Prices is projected to trend around 875.10 Index Points in 2020, according to our econometric models.