NZ producer prices fall in second quarter, led by lower prices for milk and electricity generation

Wed, 19 Aug 2015

By Tina Morrison Aug. 19 (BusinessDesk) - New Zealand producer prices fell in the second quarter, led by lower prices for milk and electricity generation, with input costs declining faster than outputs. Prices received by producers slipped 0.2 percent in the three months through June for a 2.2 percent annual decline, Statistics New Zealand said. Prices paid by producers dropped 0.3 percent in the quarter for an annual 3.3 percent decline, the agency said. The quarterly declines were led by a 5.5 percent drop in dairy cattle farming out...

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