Change in price received by New Zealand businesses for iron ore, alumina, basic and semi-finished metal products
2019 Q2–2024 Q2, % change from previous quarter
| Quarter | % change from previous quarter |
|---|---|
| 2019 Q2 | 0% |
| 2019 Q3 | 0% |
| 2019 Q4 | 1.1% |
| 2020 Q1 | -2.3% |
| 2020 Q2 | 0.4% |
| 2020 Q3 | 1.6% |
| 2020 Q4 | 3.8% |
| 2021 Q1 | 3.5% |
| 2021 Q2 | 7.7% |
| 2021 Q3 | 8.4% |
| 2021 Q4 | -4.6% |
| 2022 Q1 | 11.1% |
| 2022 Q2 | 1.6% |
| 2022 Q3 | 0.6% |
| 2022 Q4 | -1.2% |
| 2023 Q1 | 1.1% |
| 2023 Q2 | -2.6% |
| 2023 Q3 | -0.5% |
| 2023 Q4 | 1% |
| 2024 Q1 | 1.4% |
| 2024 Q2 | 0.8% |
Definitions
Output price index for a commodity: it represents the trend of domestic sale prices (to households or businesses) and export prices. The prices of goods are the ones received by the business. The index has a starting value of 1000 in December 2009 and increases/decreases over time based on weighted price changes.
Data calculation/treatment
The commodities published are aggregations of the National Accounts 2006 Commodity Classification (NA06CC) used in the national accounts supply and use reconciliation. Some of the commodities are aggregated for confidentiality reasons.
For more information
Data provided by
Dataset name
Producers Price Index: Published output commodities, Base Dec 2009 (Quarterly) June 2024
Webpage:
https://infoshare.stats.govt.nz/
How to find the data
At URL provided, select 'Economic indicators > Producers Price Index - PPI > Published output commodities, Base Dec 2009 (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: Producers Price Index: Published output commodities, Base Dec 2009 (Quarterly) June 2024
From the dataset Producers Price Index: Published output commodities, Base Dec 2009 (Quarterly) June 2024, this data was extracted:
- Sheet: PPI478901_20230927_025049_75
- Range:
B3:LY61 - Provided: 19,162 data points
This data forms the table Prices - Output commodities for businesses 2009 Q4–2024 Q2.
Dataset originally released on:
August 16, 2024
Purpose of collection
This series is part of Stats NZ Producers Price Index dataset. 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 to measure change in the volume of goods and services produced in the economy. 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).