NZ producers’ prices fall in fourth quarter, driven by electricity market

Tue, 19 Feb 2013

Feb. 20 (BusinessDesk) – New Zealand producers’ input and output prices both fell in the fourth quarter, with falling prices for electricity cited as the biggest contributor. Producers’ output prices fell 0.1 percent in the final three months of 2012, to be 0.8 percent lower than in the fourth quarter of 2011, according to Statistics New Zealand. Input prices fell 0.3 percent and were down 0.5 percent on the year, the first annual decrease since the fourth quarter of 2009. The output price index for electricity and gas supply fell 8 percent...

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