FX.co ★ New Zealand PPI Output Eases in Q4

Producer output prices in New Zealand edged up 0.1% quarter-on-quarter in the December 2025 quarter, slowing from a 0.6% rise in the previous period and coming in well below market expectations of a 0.7% increase. The headline gain reflected broad-based movements across industries. The largest contributions included a 16.9% decline in electricity and gas supply prices and a 9% drop in dairy cattle farming prices, partially offset by a 7.1% increase in prices for sheep, beef cattle, and grain farming.