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Main Indicator: Commodity Price Index (ANZ)
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -7.2% | -7.4% | N/A | |||
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For November
Commodity prices are declining at a rapid pace. The ANZ's Commodity Price Index fell for the fourth month in a row, falling 7.2% in November form the previous month, and 18% down on the year. Dairy products have taken a complete turnaround. If you remember, dairy prices peaked at a history high, but is 43% lower since than. Overall, 8 of the 13 commodities fell, 2 gained, and 3 remained flat. |
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Table of Past Data
| 2/4 | 3/3 | 4/2 | 5/4 | 6/3 | 7/2 | 8/4 | 9/2 | 11/3 | 12/2 | ||
| Actual | -1.4% | 0.9% | 2.0% | -0.3% | 1.0% | 0.0% | 1.8% | -3.3% | -7.4% | -7.2% | |
| Forecast | |||||||||||
| Previous | 0.8% | -1.4% | 1.1% | 2.0% | -0.3% | 1.0% | 0.0% | 1.8% | -4.9% | -7.4% | |
| Revised From | N/A | N/A | 0.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| -7.4% | -4.9% | N/A | |||
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For October
Commodity prices in New Zealand moderating due to a deflation global demand. ANZ National Bank's commodity price index fell by 7.4% to its 18-month low. This is the 3rd month of decline in commodity prices. 9 of the 13 components fell 3 rose, and 1 was uinchanged. The main drag on the index came from food products, as dairy products fell 9.9%, beef fell 17.7%. Also, animal skins were down 16.2% and aluminim down 16%. |
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Actual | Forecast | Previous | Revised Form | |
| -3.3% | 1.8% | N/A | |||
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For August
The ANZ Commodity Price Index slumped 3.3% in August mostly because of a 7.5% fall in dairy prices. The index is up 3.6% on an annual basis. New Zealand's trade balance deteriorated more than expected in July, and a drop in commodity prices, though it will help on the import bill, will most likely eat into export growth. |
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Actual | Forecast | Previous | Revised Form | |
| 1.8% | 0.0% | N/A | |||
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For July
Commodity prices were up 1.8% in July the ANZ National Bank reported. |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 1.0% | N/A | |||
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For June
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | -0.3% | N/A | |||
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For May
New Zealand commodity prices rose to 1% following a 0.3% drop in April. This amounted to a 18.7% increase compared to May of last year. Price increases were led by gains in apples and beef, while dairy prices were lower. the increase in prices to these commodities will help the New Zealand's trade balance and will help support GDP growth. Recently increases to dairy prices have been a major driver of economic growth; they are 16% higher on the year. However, the last two months showed prices declining. In NZ dollar-adjusted terms, the index rose 2.5% as the currency fell against most of its major trading partners.
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | 2.0% | N/A | |||
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For April
Provided by: ANZ National Bank March's Release: PDF |
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Actual | Forecast | Previous | Revised Form | |
| 2.0% | 1.1% | 0.9% | |||
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For March
The ANZ Commodity price increased 2% in March, climbing past February's revised 1.1% level. Price increases were lvenison and beef, seafood and dairy. The report noted that the New Zealand dollar eased in value against all but one of its major trading partners in March. The exception was the US Dollar. From the Release: "The level of prices of New Zealand’s key commodities increased 2.0 percent in March. Seven of the component commodity series recorded a rise in prices in the month, three commodity prices were unchanged and three commodity prices recorded a decline. Leading the price rises across the commodity basket last month was a 10.1 percent lift in the price of venison. Strong monthly price rises were also recorded in seafood (up 7.7 percent), aluminium (7.4 percent) and beef (4.0 percent). More modest price increases were measured for logs (up 1.2 percent), dairy (1.1 percent) and wool (0.7 percent). Annual increase in commodity prices is the strongest for skins and dairy. On an annual basis, skin prices have increased the fastest, up 61 percent on a year ago. Dairy prices are up 46 percent from the same period last year." |
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | -1.4% | N/A | |||
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For January
Provided by: ANZ National Bank |
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Actual | Forecast | Previous | Revised Form | |
| -1.4% | 0.8% | N/A |
















