These are a guide to the change in prices for goods and materials

Data for the October- December quarter of 2017 - showing a 7th consecutive rise in PPI

PPI Input 0.9% q/q

  • prior +1.1%, revised from +1%
  • the change in the price of goods and raw materials purchased by manufacturers

PPI Output 1.0% q/q

  • prior +1%
  • change in the price of goods sold by manufacturers

While these are not consumer price indexes if they are any guide there is not too much upward price pressure ... what there is seems related to fuel prices ... which is not news. NZD barely changed.

More via Stats NZ:

  • Higher fuel prices contributed to the rise in producer output and input prices
  • Output prices for the mining industry increased 9.3 percent, influenced by higher crude oil prices received by gas and oil extraction producers.
  • Input prices paid by petroleum and coal product manufacturers rose 12 percent in the December 2017 quarter, influenced by higher imported crude oil prices.
  • "Higher crude oil prices led to increased costs for many industries, including petroleum, forestry and logging, transport, construction, and farming," business prices manager Sarah Williams said.