New Zealand data - Q3 PPI rises, but slower than in Q2

New Zealand producer price index data for the third quarter of 2022.
PPI Inputs +0.8% q/q (prior +3.1%)
PPI Outputs +1.6% (prior +2.4%)

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PPI Input captures changes in the average price of a fixed basket of goods and services purchased by the producers in New Zealand

The Producer Price Index Out is a measurement of the price changes of goods produced by the producers in New Zealand.

To the extent the PPI get reflected in CPI the easing back of rises will be welcomed by the Reserve Bank of New Zealand.The Bank is on track for another rate hike ahead:

• RBNZ meet next week - preview - "likely to deliver an outsized 75bps hike to 4.25%"

NZD/USD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Read this Term is very little changed after the data release: