Change in price of interest rates paid by New Zealand farms
2019 Q2–2024 Q2, % change from same quarter previous year
| Quarter | % change from same quarter previous year |
|---|---|
| 2019 Q2 | -1.3% |
| 2019 Q3 | -2.1% |
| 2019 Q4 | -4.9% |
| 2020 Q1 | -4.4% |
| 2020 Q2 | -12.1% |
| 2020 Q3 | -11.5% |
| 2020 Q4 | -10.6% |
| 2021 Q1 | -11.5% |
| 2021 Q2 | -3% |
| 2021 Q3 | -3.2% |
| 2021 Q4 | 3.8% |
| 2022 Q1 | 7.8% |
| 2022 Q2 | 21.3% |
| 2022 Q3 | 34.1% |
| 2022 Q4 | 45.2% |
| 2023 Q1 | 51.6% |
| 2023 Q2 | 43.8% |
| 2023 Q3 | 34.7% |
| 2023 Q4 | 16.1% |
| 2024 Q1 | 7.2% |
| 2024 Q2 | 0.5% |
Data calculation/treatment
Input indexes: measure changes in prices paid by producers for goods and services they use. Stats NZ weight and price goods and services used by New Zealand producers to present an input price index for each industry. Inputs can either be domestically supplied or imported.
For more information
Limitations of the data
This dataset measures price change for fixed inputs of goods and services to the farming industry. It does not fully measure changes in the production costs of farming. This is because production costs do not solely depend on price movements, but also on factors that affect productivity (eg technological advances, management efficiency, and climate fluctuations).
Exclusions
This dataset does not cover capital expenditure and depreciation.
Changes to data collection/processing
From 19 May 2014, Stats NZ made all FEPI indexes available each quarter, published along with the PPI information releases.
Stats NZ also separated some input categories at the request of users.
- Fertiliser, lime, and seeds has been split into three separate indexes.
- In dairy cattle farms, animal health and breeding has been split into two separate categories.
- In dairy cattle farms, feed, grazing, cultivation, and harvesting has been split into two categories – stock grazing; and cultivation, harvest, and purchase of animal feed.
Data provided by
Dataset name
Farm Expense Price Index: Expense categories (Quarterly) June 2024
Webpage:
https://infoshare.stats.govt.nz/
How to find the data
At URL provided, select 'Industry sectors > Farm Inputs - FPI > Farm expense price index - Expense categories - (Base Dec 2013 = 1000) (Qrtly-Mar/Jun/Sep/Dec)'. All variables were selected 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: Farm Expense Price Index: Expense categories (Quarterly) June 2024
From the dataset Farm Expense Price Index: Expense categories (Quarterly) June 2024, this data was extracted:
- Sheet: FPI436001_20230901_122556_33
- Range:
B4:TI170 - Provided: 87,296 data points
This data forms the table Agriculture - Change in price of farm expenses by industry and category 1982 Q4–2024 Q2.
Dataset originally released on:
August 16, 2024
Purpose of collection
The farm expenses price index (FEPI) tables provide information on changes in input costs for the New Zealand farming industry.