New Zealand PPI Input Rises the Most in 1 Year

2026-05-18 22:55 By Chusnul Chotimah 1 min. read

Producer input prices in New Zealand increased by 1.4% quarter-on-quarter in the three months to March 2026, recovering from a 0.5% drop in the previous quarter and surpassing market expectations of a 0.8% rise.

It was the fastest increase since Q1 of 2025, with the largest contributors to the rise in input prices being electricity and gas supply, which rose 8.2%, dairy product manufacturing (5.7%), and meat and meat product manufacturing (3.6%).

On a yearly basis, input prices rose 1.8%, following a 3.2% gain in the fourth quarter of 2025.



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New Zealand PPI Input Rises the Most in 1 Year
Producer input prices in New Zealand increased by 1.4% quarter-on-quarter in the three months to March 2026, recovering from a 0.5% drop in the previous quarter and surpassing market expectations of a 0.8% rise. It was the fastest increase since Q1 of 2025, with the largest contributors to the rise in input prices being electricity and gas supply, which rose 8.2%, dairy product manufacturing (5.7%), and meat and meat product manufacturing (3.6%). On a yearly basis, input prices rose 1.8%, following a 3.2% gain in the fourth quarter of 2025.
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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.
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