NZ PPI for Q1 2022, PPI input and output both surge higher

PPI input +3.6% q/q

• prior 1.1%

PPI output +2.6% q/q

• prior 1.4%

Stats NZ:

• In the March 2022 quarter compared with the December 2021 quarter, prices received by producers of goods and services (outputs) increased 2.6 percent. Prices paid by producers of goods and services (inputs) increased 3.6 percent over the same period.
• “The increase in input prices in the March 2022 quarter was the largest since 2008,” business prices delivery manager Bryan Downes said.
• “Most industries experienced rises in both input and output prices, however the electricity and gas supply industry was the largest contributor to the increase in headline input and output prices.”

Not much change for the nzd NZD The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a Read this Term