New Zealand PPI Output Eases in Q4

Producer output prices in New Zealand rose by 0.1% quarter-on-quarter in the December quarter of 2025, easing from a 0.6% increase in the previous quarter and less than the expected 0.7%. The increase was supported by broad-based movements across sectors, with the largest contributions coming from electricity and gas supply fell 16.9%, dairy cattle farming dropped 9%, while sheep, beef cattle, and grain farming, rose 7.1%.

Producer output prices in New Zealand rose by 0.6% quarter-on-quarter in the September quarter of 2025, unchanged from a 0.6% gain in the previous quarter. The increase was supported by broad-based movements across sectors, with the largest contributions coming from sheep, beef cattle, and grain farming (up 10.3%), followed by fruit, oil, cereal and other food product manufacturing up 5.7%, while electricity and gas supply fell 11.5%.

Producer output prices in New Zealand rose by 0.6% quarter-on-quarter in June quarter of 2025, slowing from a 2.1% gain in the previous quarter. The rise was supported by broad-based gains across sectors, with the largest contributions coming from electricity, gas, water, and waste services, which rose 6.2%, followed by agriculture, forestry, and fishing at 0.9%, and manufacturing at 0.3%.