NZ producer input, output prices rise in Q4 on higher fuel costs

NZ producer input, output prices rise in Q4 on higher fuel costs
Tina Morrison
By Tina Morrison Feb. 20 (BusinessDesk) - New Zealand producer input and output prices rose in the fourth quarter as fuel prices increased. Prices paid by producers - input prices - rose 0.9 percent in the three months ended Dec. 31, while output prices, or prices received by producers, rose 1 percent, Statistics New Zealand said. Output prices for the mining industry increased 9.3 percent, influenced by higher crude oil prices received by gas and oil extraction producers, Stats NZ said. Input prices paid by petroleum and coal product...