Producer input prices in New Zealand rose 0.9 percent on quarter in the third quarter of 2019, following a 0.3 percent increase in the previous period and beating market expectations of a 0.5 percent gain. Prices went up for agriculture, forestry & fishing (1 percent after being flat in Q2); transport, postal & warehousing (0.6 percent vs 0.1 percent); manufacturing (1.6 percent, the same pace as in Q2); construction (0.8 percent, the same pace as in Q2) and retail trade & accommodation (1.3 percent vs 0.4 percent). In addition, cost rebounded for utilities (2 percent vs -9.2 percent) and wholesale trade (0.6 percent vs -0.1 percent). Output prices went up 1 percent, following a downwardly revised 0.4 percent increase in the previous period. Year-on-year, input prices rose 2.1 percent (vs 2.7 percent in Q2) and output prices advanced 1.8 percent (vs 2.3 percent in Q2).

Producer Prices in New Zealand averaged 707.07 Index Points from 1977 until 2019, reaching an all time high of 1164 Index Points in the third quarter of 2019 and a record low of 165.78 Index Points in the fourth quarter of 1977. This page provides - New Zealand Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics New Zealand

Producer Prices in New Zealand is expected to be 1172.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in New Zealand to stand at 1192.00 in 12 months time. In the long-term, the New Zealand Producer Input Prices is projected to trend around 1190.00 Index Points in 2020, according to our econometric models.

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New Zealand Producer Input Prices

Actual Previous Highest Lowest Dates Unit Frequency
1164.00 1154.00 1164.00 165.78 1977 - 2019 points Quarterly
2010Q4=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-08-18 10:45 PM PPI Output QoQ Q2 0.5% -0.5% -0.4% 1.3%
2019-08-18 10:45 PM PPI Input QoQ Q2 0.3% -0.9% -0.6% -2%
2019-11-18 09:45 PM PPI Input QoQ Q3 0.9% 0.3% 0.5% 0.6%
2019-11-18 09:45 PM PPI Output QoQ Q3 1.0% 0.5% 0.3% 0.4%


News Stream
2019-11-18
New Zealand Producer Prices Rise Above Consensus
Producer input prices in New Zealand increased 0.9 percent on quarter in the third quarter of 2019, following a 0.3 percent climb in the previous period and compared to market expectations of a 0.5 percent increase. Cost for agriculture prices jumped 1.0 percent after remaining flat in Q2, while prices for utilities rebounded 2.0 percent after declining 9.2 percent in the previous period. In contrast, inflation for mining declined to 0.6 percent (from 0.8 percent), while prices for information media & telecommunications fell 0.8 percent (vs +2.8 percent). Meanwhile, inflation remained unchanged for manufacturing (at 1.6 percent) and construction (at 0.8 percent). Output prices increased 1.0 percent, up from 0.5 percent in the previous period and more than an expected 0.3 percent climb. Year-on-year, input prices rose 2.1 percent (vs 2.4 percent in Q2) and output prices went up 1.8 percent (vs 2.2 percent in Q2).

2019-08-18
New Zealand Producer Input Prices Rebound in Q2
Producer input prices in New Zealand increased 0.3 percent on quarter in the second quarter of 2019, following a 0.9 percent decline in the previous period and against market expectations of a 0.6 percent fall. Cost was flat for agriculture, forestry & fishing (vs 0.1% in Q1) while rebounded for mining (0.8% vs -1.2%); manufacturing (1.6% vs -1.8%),of which petroleum & coal products (11.9% vs -15.6%); construction (0.8% vs -0.1%) and transport, postal & warehousing (0.1% vs -1.2%). At the same time, input prices rose much faster for information & telecommunications (2.8% vs 0.7%) and decreased less for utilities (-8.2% vs -9.8%). Output prices increased 0.5 percent, the same pace as in the previous period and more than an expected 0.4 percent drop. Year-on-year, input prices rose 2.4 percent (vs 3.1 percent in Q1) and output prices went up 2.2 percent (vs 2.6 percent in Q1).

2019-05-16
New Zealand Producer Input Prices Fall in Q1
Producer input prices in New Zealand declined 0.9 percent on quarter in the first quarter of 2019, following a 1.6 percent rise in the previous period and well below market expectations of a 1.6 percent increase. It was the first fall in producer input prices since the first quarter of 2016, as cost dropped for utilities (-9.8 percent from 19.9 percent in Q4 2018), namely electricity & gas supply (-11.5 percent); manufacturing (-1.8 percent from 0.2 percent), of which petroleum & coal products (-15.6 percent); mining (-1.2 percent from 2.3 percent); agriculture, forestry & fishing (-0.1 percent from 1.3 percent); construction (-0.1 percent from 0.7 percent); and transport, postal & warehousing (-1.2 percent from 0.9 percent). Also, prices eased for information & telecommunications (0.7 percent from 1.2 percent); and financial & insurance services (0.6 percent from 1.1 percent). Output prices went down 0.5 percent, after a downwardly revised 0.7 percent increase in the prior period.

2019-02-19
New Zealand Producer Input Prices at Over 3-Year High
Producer input prices in New Zealand increased 1.6 percent on quarter in the fourth quarter of 2018, following a 1.4 percent rise in the previous period and above market expectations of 1.1 percent. It is the biggest gain in input prices since the third quarter of 2015, as prices went up further for electricity, gas, water and waste services (19.9 percent from 3.2 percent in Q3), namely electricity and gas supply (23.2 percent from 3.2 percent) and mining (2.3 percent from 2.2 percent). Also, cost of financial and insurance services rebounded (1.1 percent from -0.7 percent), of which insurance and superannuation funds (1.9 percent from -2.7 percent). Year-on-year, input prices advanced 4.7 percent, after rising 4.0 percent in the prior period.


New Zealand Producer Input Prices
In New Zealand, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.50 44.00 -15.30 percent [+]
Inflation Rate Mom 0.50 0.70 8.90 -4.10 percent [+]
Consumer Price Index CPI 1044.00 1039.00 1044.00 16.50 points [+]
Core Consumer Prices 1045.00 1039.00 1045.00 512.60 points [+]
Core Inflation Rate 2.00 1.50 7.91 0.00 percent [+]
GDP Deflator 1220.00 1208.00 1220.00 590.00 points [+]
Producer Prices 1164.00 1154.00 1164.00 165.78 points [+]
Export Prices 1233.00 1210.00 1269.00 85.30 points [+]
Import Prices 843.00 843.00 1128.00 70.43 points [+]
Inflation Expectations 1.80 1.86 8.30 1.60 percent [+]
Cpi Housing Utilities 1078.00 1073.00 1078.00 536.80 points [+]
CPI Transportation 1049.00 1028.00 1099.90 743.20 points [+]
Food Inflation 2.40 2.40 25.20 -2.00 percent [+]