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

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news