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 December 2024 quarter compared with the September 2024 quarter:
- the output producers price index (PPI) fell 0.1 percent
- the input PPI fell 0.9 percent
- the farm expenses price index (FEPI) fell 0.1 percent
- the capital goods price index (CGPI) rose 0.4 percent.
In the December 2024 quarter, prices received by producers of goods and services (outputs) fell 0.1 percent compared with the September 2024 quarter. Prices paid by producers of goods and services (inputs) fell 0.9 percent over the same period.
Key quarterly results
The largest output industry contributions were from:
- electricity, gas, water and waste services, down 25.3 percent
- agriculture, forestry and fishing, up 5.9 percent
- manufacturing, up 1.1 percent.
The largest input industry contributions were from:
- electricity, gas, water and waste services, down 36.2 percent
- manufacturing, up 3.3 percent
- agriculture, forestry and fishing, up 0.7 percent.
In the December 2024 quarter, the fall in electricity, gas, water and waste services was caused by lower wholesale electricity prices. Lower demand for electricity and increased hydro generation from higher lake levels contributed to this price fall.
BPI data quality updates
In the December 2024 quarter, the overall response rate was 85.5 percent (target response rate of 96 percent). The response rate for key firms was 96.7 percent (target response rate of 100 percent).
The lower 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.
Technical enquiries
Tom Kenny
04 931 4745
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ISSN 2423-0340
Next release
Business price indexes: March 2025 quarter will be released on 19 May 2025.
