Import prices in New Zealand advanced 0.5 percent on quarter in the first three months of 2020, accelerating from a 0.3 percent increase in the previous period and well above market expectations of a 0.9 percent fall. Prices rebounded for petroleum & petroleum products (1.7 percent from -2 percent in Q4 2019); and electrical machinery & apparatus (4.9 percent from -4.6 percent). Also, cost of mechanical machinery rose 1.6 percent, faster than a 1.3 percent gain.
Import Prices in New Zealand averaged 538.86 points from 1950 until 2020, reaching an all time high of 1128 points in the fourth quarter of 2000 and a record low of 70.43 points in the first quarter of 1950. This page provides - New Zealand Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics New Zealand
Import Prices in New Zealand is expected to be 860.66 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in New Zealand to stand at 868.57 in 12 months time. In the long-term, the New Zealand Import Prices is projected to trend around 876.13 points in 2021 and 878.07 points in 2022, according to our econometric models.