FX.co ★ New Zealand Q1 PPI Input Rises the Most in Near 3 Years

Producer input prices in New Zealand experienced a significant increase of 2.9% on a quarterly basis in the first quarter of 2025. This represents a strong recovery from the previous quarter's 0.9% decline and marks the quickest growth rate since the second quarter of 2022. The rise was widespread, largely fueled by substantial hikes in the categories of electricity, gas, water, and waste services, which soared by 49.4%. Additionally, there were notable increases in the manufacturing sector, with a rise of 1.7%, and in the agriculture, forestry, and fishing industry, which saw an uptick of 0.6%.