Producer price outputs in New Zealand were up 2.4 percent on quarter in the second quarter of 2022, Statistics New Zealand said on Wednesday – easing from 2.6 percent in the previous three months.
The largest output industry contributions were from: building construction, up 4.2 percent; electricity and gas supply, up 6.4 percent; and construction services, up 3.0 percent.
Inputs were up 3.1 percent on quarter, down from 3.6 percent in the three months prior.
The largest input industry contributions were from: electricity and gas supply, up 9.4 percent; building construction, up 4.2 percent; and construction services, up 3.9 percent.
The farm expenses price index (FEPI) rose 4.8 percent on quarter, while the capital goods price index (CGPI) rose 3.7 percent on quarter.