Producer prices (PPI) · New Zealand
New Zealand PPI Input QoQ
The New Zealand PPI Input QoQ measures the prices that producers in New Zealand receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- NZD · New Zealand dollar
- Central bank
- The Reserve Bank of New Zealand
Latest figures
The latest release for Q2, published on 18 August 2026, came in at 2.9%, above the consensus of 1.3%, up from 1.4% the time before.
A higher figure than expected makes the Reserve Bank of New Zealand more likely to keep rates high or raise them: it tends to support the New Zealand dollar and push bond yields up, and is often a weight on stocks.
Over the last 7 releases it ranged from -0.9% to 2.9%, averaging 0.9%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 18 Aug 2026 | Q2 | 2.9% | 1.3% | 1.4% |
| 18 May 2026 | Q1 | 1.4% | 0.8% | -0.5% |
| 17 Feb 2026 | Q4 | -0.5% | 0.5% | 0.2% |
| 18 Nov 2025 | Q3 | 0.2% | 0.9% | 0.6% |
| 18 Aug 2025 | Q2 | 0.6% | 1.4% | 2.9% |
| 18 May 2025 | Q1 | 2.9% | 0.2% | -0.9% |
| 18 Feb 2025 | Q4 | -0.9% | – | 1.9% |
Why it matters
Producer prices are an early warning for consumer inflation: when factories pay more for energy and materials, part of the cost reaches shop prices in the following months. They also show profit pressure.
How it is calculated
Stats NZ surveys companies on the prices of representative products at the factory gate; the index is weighted by each product's share of output. Input PPI covers materials and fuel bought; output PPI the goods sold.
PPI change (yoy) = PPI ÷ PPI 12 months ago − 1What changes mean
- Input prices rising faster than output prices squeeze margins.
- A sharp move in PPI often reflects oil and metals; check the core (ex food and energy) version.
Higher than expected: A higher figure than expected makes the Reserve Bank of New Zealand more likely to keep rates high or raise them: it tends to support the New Zealand dollar and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Reserve Bank of New Zealand room to cut or hold rates lower: the New Zealand dollar tends to soften and bond yields to fall.
A short history
Wholesale price indexes are among the oldest economic statistics; the US index dates back to 1902 and was renamed the Producer Price Index in 1978.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand PPI Input QoQ?
The New Zealand PPI Input QoQ measures the prices that producers in New Zealand receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
What was the latest New Zealand PPI Input QoQ?
2.9% for Q2, published on 18 August 2026 (consensus 1.3%, previous 1.4%).
When is the next New Zealand PPI Input QoQ?
On Tuesday 17 November 2026 at 21:45 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.