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 September 2024 quarter compared with the June 2024 quarter:
- output producers price index (PPI) rose 1.5 percent
- input PPI rose 1.9 percent
- farm expenses price index (FEPI) fell 0.2 percent
- capital goods price index (CGPI) rose 0.1 percent.
| Index | Percent |
| Prices received by producers (output) | 1.5 |
| Prices paid by producers (input) | 1.9 |
| Capital goods prices | 0.1 |
| Prices paid by farmers | -0.2 |
| Salary and wage rates including overtime | 0.6 |
| Consumer goods and services prices | 0.6 |
| Index | Percent |
| Prices received by producers (output) | 4.2 |
| Prices paid by producers (input) | 5 |
| Capital goods prices | 2.1 |
| Prices paid by farmers | -0.1 |
| Salary and wage rates including overtime | 3.8 |
| Consumer goods and services prices | 2.2 |
In the September 2024 quarter, prices received by producers of goods and services (outputs) increased 1.5 percent compared with the June 2024 quarter. Prices paid by producers of goods and services (inputs) increased 1.9 percent over the same period.
| Period ended | Producer price index ‒ outputs | Producer price index ‒ inputs |
| 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 |
| Mar-24 | 0.8 | 0.7 |
| Jun-24 | 1.1 | 1.4 |
| Sep-24 | 1.5 | 1.9 |
Key quarterly results
The largest output industry contributions were from:
- dairy cattle farming, up 13.9 percent
- electricity and gas supply, up 6.3 percent
- sheep, beef cattle, and grain farming, up 10.5 percent.
The largest input industry contributions were from:
- dairy product manufacturing, up 10.9 percent
- electricity and gas supply, up 8.5 percent
- meat and meat product manufacturing, up 8.0 percent.
Update to March 2023 quarter data
A processing error resulted in the incorrect loading of revised data for the March 2023 quarter. As a result, the affected series in the published CSV and on Infoshare have R flags next to the revised values, indicating they have been changed.
Please note, this revision applies only to the producer price index (PPI) quarterly and annual percentage change series for the March 2023 quarter, not the overall series.
The affected PPI series are:
- PPIQ.SQN900000PC
- PPIQ.SQN900000AC
- PPIQ.SQU900000PC
- PPIQ.SQU900000AC.
BPI data quality updates
In the September 2024 quarter, the overall response rate was 88.6 percent (target response rate of 96 percent). The response rate for key firms was 95.6 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.
Business price indexes concepts – DataInfo+ gives definitions of terms used in this release.
Technical enquiries
Elijah Griffiths
04 931 4688
[email protected]
ISSN 2423-0340
Next release
Business price indexes: December 2024 quarter will be released on 19 February 2025.
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