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


Electricity and dairy prices push up producer prices

Electricity and dairy prices push up producer prices

19 May 2014

Producer prices moved up due to increases in both electricity and dairy prices, Statistics New Zealand said today. Prices received by New Zealand producers, as measured by the output producers price index (PPI), rose 0.9 percent in the March 2014 quarter, and the input PPI, representing the prices of goods and services used by New Zealand producers, rose 1.0 percent.

"The higher prices for electricity generation contributed to both the higher input and output PPIs in the latest quarter,'' prices manager Chris Pike said. "This often happens in March quarters, due to spot-market conditions and low lake levels."

In the March 2014 quarter, the output electricity and gas supply price index rose 14 percent, which contributed more than half of the rise in the output PPI. The input electricity and gas supply price index (up 20 percent) contributed nearly three-quarters of the rise in the input PPI. In the year to the March 2014 quarter, the output electricity and gas supply price index rose 2.8 percent, while that for inputs rose
0.7 percent.

Higher prices for raw milk resulted in an increase in prices received by dairy cattle farmers (up 4.0 percent), and an increase in input prices paid by dairy product manufacturers (up 3.1 percent) in the latest quarter. In the year to the March 2014 quarter, the prices received by the dairy cattle farming industry increased 47 percent, and the prices paid by the dairy product manufacturing industry increased 39

In the year to the March 2014 quarter, the output PPI was up 4.0 percent, and the input PPI rose 3.1 percent.

For more information about these statistics:

• Visit Producers Price Index: March 2014 quarter


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news