Rising wholesale power prices squeeze NZ producer margins in June quarter

Thu, 17 Aug 2017

By Paul McBeth Aug. 17 (BusinessDesk) - New Zealand producers had their margins squeezed by rising electricity and gas prices in the June quarter as increasing prices for beef, lamb and dairy products weren't enough to offset more expensive power. The output producers price index, which shows the prices producers receive for their goods and services, rose 1.3 percent in the June quarter, a smaller increase than the 1.4 percent increase in the inputs PPI, which shows how much they pay to produce things, Statistics New Zealand said. The ou...

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