NZ producer prices fall in third quarter, led by electricity, dairy products

Sun, 18 Nov 2012

Nov. 19 (BusinessDesk) - New Zealand producer input and output prices fell last quarter, led by electricity and dairy products, confirming there’s still little sign of inflation pressures in the economy. Producer input prices, or prices paid by producers, fell 1 percent, the first quarterly decline since the third quarter of 2009, following a 0.6 percent gain three months earlier, according to Statistics New Zealand. Output prices, or prices received by producers, fell 0.9 percent, the biggest drop since the third quarter of 2009, after gaini...

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