Economic Buzz: New Zealand Producer Prices Rise 3.6%

19 May 2022 , 10:44 AM

Producer price inputs in New Zealand were up 3.6 percent on quarter in the first quarter of 2022, accelerating from 1.1 percent in the three months prior, according to Statistics New Zealand. PPI outputs rose 2.6 percent on quarter, up from 1.4 percent in the previous three months. Farm expenses price index (FEPI) rose 3.2 percent on quarter, while capital goods price index (CGPI) rose 2.8 percent. The largest output industry contributions were from: electricity and gas supply, up 19.3 percent; petroleum and coal product manufacturing, up 20.8 percent; and dairy product manufacturing, up 6.3 percent. The largest input industry contributions were from: electricity and gas supply, up 31.1 percent; building construction, up 3.6 percent; and petroleum and coal product manufacturing, up 10.8 percent.Powered by Commodity Insights