Change in price of outputs received by the veterinary and other professional services industry in New Zealand
2012 Q2–2022 Q2, % change from same quarter previous year
| Quarter | % change from same quarter previous year |
|---|---|
| 2012 Q2 | 2.7% |
| 2012 Q3 | 4.4% |
| 2012 Q4 | 3.9% |
| 2013 Q1 | 4% |
| 2013 Q2 | 1.6% |
| 2013 Q3 | 0.3% |
| 2013 Q4 | 1.1% |
| 2014 Q1 | 1% |
| 2014 Q2 | 2.1% |
| 2014 Q3 | 2.2% |
| 2014 Q4 | 2.4% |
| 2015 Q1 | 2% |
| 2015 Q2 | 2.1% |
| 2015 Q3 | 1.4% |
| 2015 Q4 | 0.5% |
| 2016 Q1 | 1% |
| 2016 Q2 | 1.2% |
| 2016 Q3 | 1.3% |
| 2016 Q4 | 1.7% |
| 2017 Q1 | 2.1% |
| 2017 Q2 | 1.3% |
| 2017 Q3 | 1.3% |
| 2017 Q4 | 1.4% |
| 2018 Q1 | 0.9% |
| 2018 Q2 | 1.3% |
| 2018 Q3 | 3.5% |
| 2018 Q4 | 4.5% |
| 2019 Q1 | 5.5% |
| 2019 Q2 | 5.7% |
| 2019 Q3 | 3.8% |
| 2019 Q4 | 2.3% |
| 2020 Q1 | 0.8% |
| 2020 Q2 | 0.9% |
| 2020 Q3 | 1.7% |
| 2020 Q4 | 2.6% |
| 2021 Q1 | 3.1% |
| 2021 Q2 | 3.2% |
| 2021 Q3 | 4% |
| 2021 Q4 | 4.2% |
| 2022 Q1 | 5.3% |
| 2022 Q2 | 7% |
Definitions
The producers price index (PPI) measures changes in prices of outputs that generate operating income and inputs that incur operating expense. It measures changes in prices for the supply (output) and use (inputs) of goods and/or services by the productive sector. The PPI therefore does not include prices for items related to capitalised expenditure, non-operating income, financing costs, and employee compensation. It does not cover depreciation, or income related to property ownership when this is not the normal source of operating income.
Output indexes: measure changes in the prices of goods and services received by producers. Stats NZ weight and price goods and services produced to present an overall output price index for each industry. This output can be used, domestically or abroad, by other producers or by final consumers.
For more information
Limitations of the data
The accuracy of price indexes varies depending on the particular characteristics of each index. The nature of the commodities being measured is a factor affecting accuracy as some items are easier to price on a consistent basis than others. Services are known to be particularly problematic. Both the level and quality of output are often difficult to accurately identify and price. Furthermore, the level of disaggregation may affect quality, with indexes at a lower level generally having more variability than indexes at a more aggregated level where volatility from sampling is smoothed out.
In general, an index’s accuracy depends on the nature of the commodity group or industry being measured, and the level within the hierarchy from which it is drawn. In most instances, customers make a trade-off between the level of detail contained in the index, and its statistical accuracy.
Data provided by
Dataset name
Producers Price Index: Outputs NZSIOC level 4, Base Dec 2010 quarter (Quarterly) June 2022
Webpage:
https://infoshare.stats.govt.nz/
How to find the data
At URL provided, select 'Economic indicators > Producers Price Index - PPI > Outputs (ANZSIC06) - NZSIOC level 4, Base: Dec. 2010 quarter (=1000) (Qrtly-Mar/Jun/Sep/Dec)'. All variables were selected in order to create this dataset.
Figure.NZ has calculated the quarter-on-quarter percentage changes and the year-on-year percentage changes based on the index provided by Stats NZ.
Import & extraction details
File as imported: Producers Price Index: Outputs NZSIOC level 4, Base Dec 2010 quarter (Quarterly) June 2022
From the dataset Producers Price Index: Outputs NZSIOC level 4, Base Dec 2010 quarter (Quarterly) June 2022, this data was extracted:
- Sheet: matrix
- Range:
B3:FA115 - Provided: 17,034 data points
This data forms the table Prices - Producers price index for outputs 1994 Q2–2022 Q2.
Dataset originally released on:
August 17, 2022
Purpose of collection
The primary purpose of the PPI is for use by Stats NZ as deflators in calculating gross domestic product (GDP), which is New Zealand’s official measure of economic growth. These deflators remove the effect of price change so the change in the volume of goods and services produced in the economy can be measured. For this reason, the current PPI aligns closely with the System of National Accounts 2008 (SNA08).
Other uses for the PPI include short-term indicators of producer inflationary trends, and in contract indexation clauses (also known as contract escalation).