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 2025 quarter compared with the September 2025 quarter:
- the output producers price index (PPI) rose 0.1 percent
- the input PPI fell 0.5 percent
- the farm expenses price index (FEPI) rose 0.9 percent
- the capital goods price index (CGPI) rose 1.1 percent.
| Index | Percent |
| Prices received by producers (output) | 0.1 |
| Prices paid by producers (input) | -0.5 |
| Capital goods prices | 1.1 |
| Prices paid by farmers | 0.9 |
| Salary and wage rates including overtime | 0.4 |
| Consumer goods and services prices | 0.6 |
| Index | Percent |
| Prices received by producers (output) | 3.5 |
| Prices paid by producers (input) | 3.2 |
| Capital goods prices | 1.5 |
| Prices paid by farmers | 3.2 |
| Salary and wage rates including overtime | 2 |
| Consumer goods and services prices | 3.1 |
In the December 2025 quarter, prices received by producers of goods and services (outputs) increased 0.1 percent compared with the September 2025 quarter. Prices paid by producers of goods and services (inputs) decreased 0.5 percent over the same period.
| Period ended | Producers price index ‒ outputs | Producers price index ‒ inputs |
| Dec-15 | -0.8 | -1.2 |
| Mar-16 | -0.2 | -1 |
| Jun-16 | 0.2 | 0.9 |
| Sept-16 | 1 | 1.5 |
| Dec-16 | 1.5 | 1 |
| Mar-17 | 1.4 | 0.8 |
| Jun-17 | 1.3 | 1.5 |
| Sept-17 | 1 | 1.1 |
| Dec-17 | 1 | 0.9 |
| Mar-18 | 0.2 | 0.6 |
| Jun-18 | 0.9 | 1 |
| Sept-18 | 1.5 | 1.4 |
| Dec-18 | 0.9 | 1.8 |
| Mar-19 | -0.5 | -0.9 |
| Jun-19 | 0.4 | 0.3 |
| Sept-19 | 1.1 | 1 |
| Dec-19 | 0.5 | 0.2 |
| Mar-20 | 0.1 | -0.3 |
| Jun-20 | -0.2 | -0.9 |
| Sept-20 | -0.3 | 0.6 |
| Dec-20 | 0.5 | 0.1 |
| Mar-21 | 1.2 | 2.1 |
| Jun-21 | 2.6 | 3 |
| Sept-21 | 1.8 | 1.6 |
| Dec-21 | 1.5 | 1.2 |
| Mar-22 | 2.6 | 3.4 |
| Jun-22 | 2.4 | 3.1 |
| Sept-22 | 1.6 | 0.8 |
| Dec-22 | 0.9 | 0.5 |
| Mar-23 | 0.2 | 0 |
| Jun-23 | 0.2 | -0.2 |
| Sept-23 | 0.8 | 1.2 |
| Dec-23 | 0.7 | 0.9 |
| Mar-24 | 0.8 | 0.7 |
| Jun-24 | 1.1 | 1.4 |
| Sept-24 | 1.5 | 1.9 |
| Dec-24 | -0.1 | -0.9 |
| Mar-25 | 2.1 | 2.9 |
| Jun-25 | 0.6 | 0.6 |
| Sept-25 | 0.6 | 0.2 |
| Dec-25 | 0.1 | -0.5 |
Key quarterly results
The largest output industry contributions were from:
- electricity and gas supply, down 16.9 percent
- dairy cattle farming, down 9.0 percent
- sheep, beef cattle, and grain farming, up 7.1 percent.
The largest input industry contributions were from:
- electricity and gas supply, down 24.4 percent
- dairy product manufacturing, down 6.9 percent
- meat and meat product manufacturing, up 6.0 percent.
BPI data quality updates
In the December 2025 quarter, the overall response rate was 87.6 percent (target response rate of 96 percent). The response rate for key firms was 99.3 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
Lindsay Tallott
[email protected]
04 931 4600
ISSN 2423-0340
Next release
Business price indexes: March 2026 quarter will be released on 19 May 2026.
