Business price indexes includes the producers price index (PPI), capital goods price index (CGPI), and farm expenses price index (FEPI).
Key facts
In the December 2023 quarter compared with the September 2023 quarter:
- output producers price index (PPI) rose 0.7 percent
- input PPI rose 0.9 percent
- farm expenses price index (FEPI) was flat (0.0 percent change)
- capital goods price index (CGPI) rose 0.9 percent.
| “Index” | “Percent” |
| “Prices received by producers (output)” | 0.7 |
| “Prices paid by producers (input)” | 0.9 |
| “Capital goods prices” | 0.9 |
| “Prices paid by farmers” | 0 |
| “Salary and wage rates including overtime” | 1 |
| “Consumer goods and services prices” | 0.5 |
| “Index” | “Percent” |
| “Prices received by producers (output)” | 2 |
| “Prices paid by producers (input)” | 1.9 |
| “Capital goods prices” | 3.7 |
| “Prices paid by farmers” | 1.9 |
| “Salary and wage rates including overtime” | 4.3 |
| “Consumer goods and services prices” | 4.7 |
In the December 2023 quarter prices received by producers of goods and services (outputs) increased 0.7 percent compared with the September 2023 quarter. Prices paid by producers of goods and services (inputs) increased 0.9 percent over the same period.
| Period ended | Producer price index ‒ outputs | Producer price index ‒ inputs |
| Mar-07 | -0.2 | -0.7 |
| Jun-07 | 1.2 | 1.2 |
| Sep-07 | 1.6 | 2.4 |
| Dec-07 | 1.4 | 1.3 |
| Mar-08 | 1.8 | 2.1 |
| Jun-08 | 3.5 | 6 |
| Sep-08 | 2.8 | 3.7 |
| Dec-08 | 1.4 | -2.2 |
| Mar-09 | -1.4 | -2.5 |
| Jun-09 | -0.7 | 0 |
| Sep-09 | -1.4 | -1.1 |
| Dec-09 | -0.1 | 0.4 |
| Mar-10 | 1.8 | 1.3 |
| Jun-10 | 1.1 | 1.4 |
| Sep-10 | 1.2 | 0.7 |
| Dec-10 | 0.2 | 0.9 |
| Mar-11 | 1.7 | 2.2 |
| Jun-11 | 1.4 | 0.9 |
| Sep-11 | 0.2 | 0.6 |
| Dec-11 | 0.1 | 0.5 |
| Mar-12 | -0.1 | 0.3 |
| Jun-12 | 0.3 | 0.6 |
| Sep-12 | -0.9 | -1 |
| Dec-12 | -0.1 | -0.3 |
| Mar-13 | 0.8 | 0.8 |
| Jun-13 | 1 | 0.6 |
| Sep-13 | 2.4 | 2.2 |
| Dec-13 | -0.4 | -0.7 |
| Mar-14 | 0.9 | 1 |
| Jun-14 | -0.5 | -1 |
| Sep-14 | -1.1 | -1.5 |
| Dec-14 | -0.1 | -0.4 |
| Mar-15 | -0.9 | -1.1 |
| Jun-15 | -0.2 | -0.3 |
| Sep-15 | 1.3 | 1.6 |
| Dec-15 | -0.8 | -1.2 |
| Mar-16 | -0.2 | -1 |
| Jun-16 | 0.2 | 0.9 |
| Sep-16 | 1 | 1.5 |
| Dec-16 | 1.5 | 1 |
| Mar-17 | 1.4 | 0.8 |
| Jun-17 | 1.3 | 1.5 |
| Sep-17 | 1 | 1.1 |
| Dec-17 | 1 | 0.9 |
| Mar-18 | 0.2 | 0.6 |
| Jun-18 | 0.9 | 1 |
| Sep-18 | 1.5 | 1.4 |
| Dec-18 | 0.9 | 1.8 |
| Mar-19 | -0.5 | -0.9 |
| Jun-19 | 0.4 | 0.3 |
| Sep-19 | 1.1 | 1 |
| Dec-19 | 0.5 | 0.2 |
| Mar-20 | 0.1 | -0.3 |
| Jun-20 | -0.2 | -0.9 |
| Sep-20 | -0.3 | 0.6 |
| Dec-20 | 0.5 | 0.1 |
| Mar-21 | 1.2 | 2.1 |
| Jun-21 | 2.6 | 3 |
| Sep-21 | 1.8 | 1.6 |
| Dec-21 | 1.5 | 1.2 |
| Mar-22 | 2.6 | 3.4 |
| Jun-22 | 2.4 | 3.1 |
| Sep-22 | 1.6 | 0.8 |
| Dec-22 | 0.9 | 0.5 |
| Mar-23 | 0.2 | 0 |
| Jun-23 | 0.2 | -0.2 |
| Sep-23 | 0.8 | 1.2 |
| Dec-23 | 0.7 | 0.9 |
Key quarterly results
The largest output industry contributions were from:
- dairy product manufacturing, down 4.5 percent
- dairy cattle farming, up 7.3 percent
- property operators and real estate services, up 1.1 percent.
The largest input industry contributions were from:
- dairy product manufacturing, up 5.5 percent
- electricity and gas supply, up 5.8 percent
- basic chemical and chemical product manufacturing, up 2.8 percent.
BPI data quality updates
In the December 2023 quarter, the overall response rate was 89.8 percent (target response rate of 96 percent). The response rate for key firms was 94.1 percent (target response rate of 100 percent).
The lower overall response rate has required higher levels of imputation where we carried forward previous prices for the relevant respondent that did not respond (that is, price change was zero).
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
Definitions and metadata
Business price indexes – DataInfo+ gives the methodology used to produce business price indexes, including for the latest quarter.
Business price indexes concepts – DataInfo+ gives definitions of terms used in this release.
Technical enquiries
Elijah Griffiths
04 931 4600
[email protected]
ISSN 2423-0340
Next release
Business price indexes: March 2023 quarter will be released on 17 May 2024.
