New Zealand Q1 PPI Input Rises the Most in Near 3 Years

Producer input prices in New Zealand rose by 2.9% quarter-on-quarter in Q1 of 2025, rebounding from a 0.9% decline in the previous quarter and marking the fastest pace of growth since Q2 2022.

The increase was broad-based, driven by sharp rises in electricity, gas, water, and waste services (49.4%), along with gains in manufacturing (1.7%) and the agriculture, forestry, and fishing sector (0.6%).