Measures the monthly price change of New Zealand 's seventeen main commodity exports. Given that the exports act as the driving force of New Zealand 's economy, changes in their prices can affect GDP and exchange rates. An increase in export prices may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports. Conversely, falling export prices may indicate a decline in demand for New Zealand commodities; weakening the exchange rate.

The headline value is the percentage change in the index from the previous month. Because the figure measures price changes in commodity goods, it acts as an early indicator of price changes. As such an early indicator the figure is useful in predicting future price direction.

Relevance : Tends to move markets on release
Release schedule : 13:00 (GMT); monthly, on the first week of the following month
Source of report : Australia and New Zealand Banking Group Ltd. (ANZ)
Web Address : http://www.anz.com
Address of release :
http://www.anz.com/nz/about/media/-newslibrary.asp?Commodity_Price_Index
http://www.anz.com/nz/about/media/newslibrary.asp?Commodity_Price_Index