Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Oil Drives Inflation - Stats NZ


Producers Price Index: December 1999 quarter

Oil Drives Inflation

Statistics New Zealand today released latest Producers Price Index results which show the average price level of both inputs and outputs of businesses increased in the December 1999 quarter.

Deputy Government Statistician Ian Ewing said output prices increased 1.0 per cent while input prices increased 1.5 per cent in the December 1999 quarter. This is the highest quarterly increase in input prices since the December 1990 quarter.

Over the three quarters from March to December 1999, prices of inputs to businesses increased 3.5 per cent. Mr Ewing said that this was a greater increase than for the previous five years, in which prices increased by 2.4 per cent.

Higher oil and fuel prices contributed to a 4.7 per cent increase in the wholesale trade inputs index and a 4.0 per cent increase in the transport and storage inputs index in the December 1999 quarter. Increased fuel prices were the main contributor to the rise in the wholesale trade outputs index.

Also contributing to the increase in the input indexes were higher prices for imported goods and raw materials. This follows depreciation in the New Zealand dollar and stronger world commodity prices. A recovery in some dairy prices and the fall in the New Zealand dollar contributed to a 5.9 per cent increase in the dairy product manufacturing outputs index.

The overall increase in prices parallels the increase shown in the Capital Goods Price Index released yesterday.

Ian Ewing Deputy Government Statistician END

There is a companion Hot Off The Press information release published - Producers Price Index, 25 February 2000

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO: