Producer input prices in New Zealand increased by 1.4% quarter-on-quarter in the three months to March 2026, recovering from a 0.5% drop in the previous quarter and surpassing market expectations of a 0.8% rise. It was the fastest increase since Q1 of 2025, with the largest contributors to the rise in input prices being electricity and gas supply, which rose 8.2%, dairy product manufacturing (5.7%), and meat and meat product manufacturing (3.6%).