Economic Buzz: New Zealand PPI Inputs Rise 0.8% In Q3

17 Nov 2022 , 12:12 PM

Producer price inputs were up 0.8 percent on quarter in the third quarter of 2022, Statistics New Zealand said on Thursday – slowing from 3.1 percent in Q2. Producer price inputs were up 0.8 percent on quarter in the third quarter of 2022, Statistics New Zealand said on Thursday – slowing from 3.1 percent in Q2. Capital goods prices rose 2.1 percent on quarter, while farm expense prices jumped 3.2 percent. The largest output industry contributions were from: electricity and gas supply, down 13.9 percent; dairy product manufacturing, up 9.9 percent; and accommodation and food services, up 5.7 percent. The largest input industry contributions were from: electricity and gas supply, down 23.2 percent; meat and meat product manufacturing, up 6.2 percent; and building construction, up 2.3 percent.Powered by Commodity Insights