Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Lower electricity prices are key to PPI fall

Lower electricity prices are key to PPI fall – Media release

20 February 2014

Prices received by New Zealand producers, as measured by the output producers price index (PPI), fell 0.4 percent in the December 2013 quarter, Statistics New Zealand said today. The input PPI, representing the prices of goods and services used by New Zealand producers, fell 0.7 percent in the same quarter.

“Lower electricity prices, influenced by lower demand in summer months and higher lake levels, contributed to both the lower input and output PPIs in the latest quarter,'' prices manager Chris Pike said. The electricity and gas supply output price index has consistently fallen in December quarters since 2006.

The output electricity and gas supply price index fell 8.7 percent, while the input price index fell 9.8 percent in the December 2013 quarter.

In the year to the December 2013 quarter, the output electricity and gas supply index increased 1.6 percent, while the input index decreased 3.1 percent.

The dairy cattle farming output price index was unchanged in the December 2013 quarter. The output prices for dairy product manufacturing fell 0.2 percent. Dairy product manufacturers received lower export prices for butter and cheese.

In the year to the December 2013 quarter, the output PPI was up 3.8 percent, while the input PPI rose 2.8 percent.

Producers Price Index: December 2013 quarter

PPI_Dec2013IR.pdf

PPI_tablesDec2013.xls

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Post-Cab Press Conference: Foreign Buyers Register, TPP And Serco

At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned on whether a stamp tax might be used as a tool to deal with foreign buyers. More>>

ALSO:

Lyndon Hood Satire: Serco To Outsource Prison To Public Sector

In response to high-profile failings, multinational omnicorporation Serco will introduce public management in its prison system. Serco's New Zealand manager, speaking on condition of anonymity, has announced plans for managers from the Department of Corrections to run the Mt Eden Correctional Facility. More>>

National Party Conference: Plans To Nudge Immigrants Towards Regions

The Government will introduce a package of immigration measures aimed at improving the spread of workers, skills and investment across New Zealand, Immigration Minister Michael Woodhouse says. More>>

ALSO:

Corrections: Serco Relieved Of Control At Mt Eden Prison, Retains Contract

Multi-national private prison operator Serco has been forced to hand back control of Auckland's Mt Eden remand prison to the Department of Corrections, which has used a 'step-in' clause in its contract with Serco following a string of increasingly serious allegations about contraband, prisoner injuries and a death. More>>

ALSO:

Other Experiments: Failing Charter School Stays Open 'For Kids'

Education Minister Hekia Parata says she has given Te Pumanawa o te Wairua in Northland a chance to continue operating because of her concerns about finding other educational opportunities for its students. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
More RSS  RSS News AlertsNews Alerts
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news