Rebound in power prices drives biggest gain in producer prices in almost two years

Thu, 16 May 2013

May 17 (BusinessDesk) - New Zealand producers’ input and output prices posted the biggest gains in almost two years in the first quarter, driven by a rebound in electricity prices and higher prices for dairy manufacturers. Producer input prices, which are a measure of wholesale inflation, rose 0.8 percent in the first quarter from three months earlier, according to Statistics New Zealand. Output prices also rose 0.8 percent. They were the biggest increases since the second quarter of 2011. Electricity and gas input prices jumped 15.1 percent...

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