Stats NZ

Business price indexes: September 2022 quarter

Business price indexes (BPI) includes the producers price index (PPI), capital goods price index (CGPI), and farm expenses price index (FEPI).

Key facts

In the September 2022 quarter compared with the June 2022 quarter:

  • output producers price index (PPI) rose 1.6 percent
  • input PPI rose 0.8 percent
  • farm expenses price index (FEPI) rose 3.2 percent
  • capital goods price index (CGPI) rose 2.1 percent.

The largest output industry contributions were from:

  • electricity and gas supply, down 13.9 percent
  • dairy product manufacturing, up 9.9 percent
  • accommodation and food services, up 5.7 percent.

The largest input industry contributions were from:

  • electricity and gas supply, down 23.2 percent
  • meat and meat product manufacturing, up 6.2 percent
  • building construction, up 2.3 percent.
Created with Highcharts 5.0.14PercentBusiness price indexes, quarterly change, September 2022 quarterPrices received by producersPrices paid by producersCapital goods pricesPrices paid by farmersSalary and wage rates including overtimeConsumer goods and services prices01230.250.50.751.251.51.752.252.52.753.25Stats NZ

Business price indexes, quarterly change, September 2022 quarter

Created with Highcharts 5.0.14PercentBusiness price indexes, quarterly change, September 2022 quarterPercentPrices received by producersPrices paid by producersCapital goods pricesPrices paid by farmersSalary and wage rates including overtimeConsumer goods and services prices01230.250.50.751.251.51.752.252.52.753.25Stats NZ
IndexPercent
Prices received by producers1.6
Prices paid by producers0.8
Capital goods prices2.1
Prices paid by farmers3.2
Salary and wage rates including overtime1.1
Consumer goods and services prices2.2
Created with Highcharts 5.0.14PercentBusiness price indexes, annual change, September 2022 quarterPrices received by producersPrices paid by producersCapital goods pricesPrices paid by farmersSalary and wage rates including overtimeConsumer goods and services prices012345678910111213141516Stats NZ

Business price indexes, annual change, September 2022 quarter

Created with Highcharts 5.0.14PercentBusiness price indexes, annual change, September 2022 quarterPercentPrices received by producersPrices paid by producersCapital goods pricesPrices paid by farmersSalary and wage rates including overtimeConsumer goods and services prices012345678910111213141516Stats NZ
IndexPercent
Prices received by producers8.4
Prices paid by producers8.8
Capital goods prices12.1
Prices paid by farmers15
Salary and wage rates including overtime3.7
Consumer goods and services prices7.2

Upcoming update to the capital goods price index

We aim to deliver a reweighted and rebased capital goods price index (CGPI) in the December 2022 quarter release (to be published on 21 February 2023). The update will include structural changes to better align with the national accounts. We will publish more information about the update in Price index methods: updates for December 2022 quarter.

In the meantime, see Price index methods – updates for the September 2022 quarter for published information about the CGPI update.

BPI data quality updates

In the September 2022 quarter, the overall response rate was 85.5 percent, below the target response rate of 96 percent. However, the response rate for key firms was 98.8 percent.

The lower response rate has required higher levels of imputation, where we carried forward previous prices for the relevant respondent that did not reply.

More data

Use Infoshare for quarterly business price indexes data:

Subject category: Economic indicators
Group: Producers price index – PPI
Group: Capital goods price index – CEP

Subject category: Industry sectors
Group: Farm inputs – FPI

ISSN 2423-0340

Next release

Business price indexes: December 2022 quarter will be released on 21 February 2023.

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