NZ producer input prices rise faster than output prices in second quarter on crude oil gains

Tue, 16 Aug 2016

By Jonathan Underhill Aug. 17 (BusinessDesk) - New Zealand producer input prices rose at more than four times the pace of output prices in the second quarter, reflecting stronger prices for crude oil. Prices received by producers rose 0.2 percent in the quarter for an annual gain of 0.5 percent, while prices paid by producers rose 0.9 percent in the quarter for an annual gain of 0.3 percent, Statistics New Zealand said. Prices paid by farmers rose 0.2 percent in the quarter and fell by 1.6 percent in the year while capital goods prices we...

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