FX.co ★ New Zealand's ANZ Commodity Price Index Dips Further in January

In a concerning trend for New Zealand's economy, the latest ANZ Commodity Price Index has continued its downward trajectory. Updated data as of January 14, 2026, reveals that the index decreased by 2.1% month-over-month, following a 1.6% drop in the previous month. This continued decline underscores the ongoing vulnerabilities facing the country's export-driven sectors.

The Commodity Price Index, a crucial barometer of the nation's economic health, reflects prices of primary export commodities from New Zealand. Therefore, the additional decline is likely to raise concerns among exporters and policymakers alike, as lower commodity prices can lead to reduced export earnings and potentially impact the gross domestic product (GDP).

Expert analysts suggest that the worsening global economic conditions and fluctuating demand for key exports such as dairy, meat, and forestry products are possible drivers of the recent declines. As the nation grapples with these challenges, stakeholders will be keeping a close watch on future trends in commodity prices and their impact on New Zealand's broader economic landscape.