Producer input prices in New Zealand fell by 0.5% quarter-on-quarter in the three months to December 2025, reversing from a 0.2% gain in the previous quarter and significantly missing market expectations of a 0.5% rise. The decline was primarily driven by a sharp 24.4% plunge in electricity and gas supply and a 6.9% drop in dairy product manufacturing, which outweighed a 6.0% rise in meat product costs. This unexpected contraction signals a rapid easing of upstream pipeline pressures, defying forecasts for continued inflation. source: Statistics New Zealand

PPI Input in New Zealand decreased to -0.50 percent in the fourth quarter of 2025 from 0.20 percent in the third quarter of 2025. PPI Input in New Zealand averaged 1.16 percent from 1978 until 2025, reaching an all time high of 6.60 percent in the second quarter of 1979 and a record low of -2.50 percent in the first quarter of 2009. This page includes a chart with historical data for New Zealand PPI Input QoQ. New Zealand PPI Input QoQ - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-18 09:45 PM
PPI Input QoQ
Q3 0.2% 0.6% 0.9% 0.8%
2026-02-17 09:45 PM
PPI Input QoQ
Q4 -0.5% 0.2% 0.5% 0.5%
2026-05-18 10:45 PM
PPI Input QoQ
Q1 -0.5%


Related Last Previous Unit Reference
ANZ Commodity Prices YoY -2.30 -2.40 percent Jan 2026
CPI 1327.00 1319.00 points Dec 2025
Core Consumer Prices 1325.00 1317.00 points Dec 2025
Core Inflation Rate 3.20 3.10 percent Dec 2025
CPI Housing Utilities 1454.00 1447.00 points Dec 2025
CPI Transportation 1287.00 1258.00 points Dec 2025
Export Prices 1575.00 1601.00 points Sep 2025
Export Prices -1.60 0.30 percent Sep 2025
Food Inflation YoY 4.60 4.00 percent Jan 2026
GDP Deflator 1541.00 1536.00 points Sep 2025
Import Prices 1026.00 1021.00 points Sep 2025
Import Prices 0.50 -3.70 percent Sep 2025
Business Inflation Expectations 2.37 2.28 percent Mar 2026
Inflation Rate YoY 3.10 3.00 percent Dec 2025
Inflation Rate 0.60 1.00 percent Dec 2025
Input Producer Prices 1472.00 1479.00 points Dec 2025
PPI Input -0.50 0.20 percent Dec 2025
PPI Output 0.10 0.60 percent Dec 2025
Producer Prices 1494.00 1492.00 points Dec 2025
Producer Prices Change 3.50 3.30 percent Dec 2025


New Zealand PPI Input QoQ
In New Zealand, the PPI input indexes measure price changes in the current costs of production within the economy. The definition of current costs of production is consistent with intermediate consumption. The input indexes cover: purchase of materials; fuels and electricity; transport and communication; commission and contract services; rent and lease of land, buildings, vehicles, and machinery; business services; insurance premiums less claims; financial intermediation services.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.20 6.60 -2.50 1978 - 2025 percent Quarterly
NSA

News Stream
New Zealand PPI Input Unexpectedly Falls in Q4
Producer input prices in New Zealand fell by 0.5% quarter-on-quarter in the three months to December 2025, reversing from a 0.2% gain in the previous quarter and significantly missing market expectations of a 0.5% rise. The decline was primarily driven by a sharp 24.4% plunge in electricity and gas supply and a 6.9% drop in dairy product manufacturing, which outweighed a 6.0% rise in meat product costs. This unexpected contraction signals a rapid easing of upstream pipeline pressures, defying forecasts for continued inflation.
2026-02-17
New Zealand PPI Input Rises Less Than Expected in Q2
Producer input prices in New Zealand rose by 0.2% quarter-on-quarter in the three months to September 2025, after a 0.6% gain in the previous quarter and way below expectations for a 0.9% increase. The largest contributions came from electricity and gas supply, which fell 19.1%, followed by meat and meat product manufacturing at 8.2%, and dairy product manufacturing at 1.7%. Mixed sectoral movements left overall input costs rising modestly, signaling moderated underlying price pressures.
2025-11-18
New Zealand PPI Input Inches Up in Q2
Producer input prices in New Zealand went up by 0.6% quarter-on-quarter in the three month to June 2025, after a 2.9% gain in the previous quarter. The largest contributions came from electricity, gas, water, and waste services, which rose 3.5%, followed by agriculture, forestry, and fishing at 1.2%, and retail trade and accommodation, also up 1.2%. Broad-based gains across these sectors helped lift overall input costs, signaling steady underlying price pressures.
2025-08-18