Producer input prices in New Zealand increased 1.4 percent on quarter in the third quarter of 2018, following a 1 percent rise in the previous quarter. It is the largest gain in input prices since the second quarter of 2017. Main upward pressure came from prices for transport, postal and warehousing (3.1% vs 2.5% in Q2), namely petrol (6.9%) and diesel (7.0%); utilities (3.2% vs -1.4%) and mining (2.2%, the same pace as in Q2). Year-on-year, input prices advanced 4.0 percent, after rising 3.7 percent in the previous quarter. Producer Prices in New Zealand averaged 696.14 Index Points from 1977 until 2018, reaching an all time high of 1140 Index Points in the third quarter of 2018 and a record low of 165.78 Index Points in the fourth quarter of 1977.
Producer Prices in New Zealand is expected to be 1130.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in New Zealand to stand at 1140.00 in 12 months time. In the long-term, the New Zealand Producer Input Prices is projected to trend around 1145.00 Index Points in 2020, according to our econometric models.