FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that the Kiwi PPI numbers for inputs and outputs both rose more than we had forecast and most likely above market expectations as well (the outlets don’t survey this release). Key Quotes “It was always questionable how much value there would be in the Q3 PPI release given Q3 CPI was released last month. Inputs rose +1.6%/qtr and Outputs +1.3%/qtr. The stronger numbers were due to moves in the commodity sectors (sheep, grain farmers, beef >10%/qtr).” “Also construction cost inflation was strong. But more interesting was evidence of exchange rate pass through which if sustained could see annual CPI inflation push higher next year. Next month's decision remains line ball even though today’s data suggests that there are some price pressures in the pipeline.” For more information, read our latest forex news.