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

 

Producer prices fall in June 2014 quarter

Producer prices fall in June 2014 quarter

Producer prices fell in the June 2014 quarter, due to decreases in dairy prices, Statistics New Zealand said today. Prices received by New Zealand producers, as measured by the output producers price index (PPI), fell 0.5 percent in the June 2014 quarter. The input PPI, representing the prices of goods and services used by New Zealand producers, fell 1.0 percent.

"Lower milk prices contributed to decreases in both the input and output PPIs in the June quarter,'' prices manager Chris Pike said.

Lower prices for raw milk led to lower prices received by dairy cattle farmers (down 11 percent), and a decrease in input prices paid by dairy product manufacturers (down 9.4 percent).

In the year to the June 2014 quarter, the prices received by the dairy cattle farming industry increased 19 percent, and the prices paid by the dairy product manufacturing industry increased 16 percent.

In the June 2014 quarter, the output dairy product manufacturing price index fell 2.9 percent, reflecting lower prices for milk powder.

The input electricity and gas supply price index fell 8.4 percent, due to lower prices for electricity generation. Lower electricity prices reflect spot-market conditions, a shift towards geothermal production over thermal (gas-fired) generation, and higher lake levels.

In the year to the June 2014 quarter, the output PPI was up 2.5 percent, and the input PPI rose 1.4 percent.

For more information about these statistics: Visit Producers Price Index: June 2014 quarter

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Port To Recapture Gas: Union Calls On Ports To Stop Spewing Methyl Bromide

The Maritime Union of New Zealand welcomes the decision by Ports of Auckland to stop releasing methyl bromide emissions into the air. The move to fully recapture the toxic gas after fumigation sets a new benchmark for industry best practice. More>>

ALSO:

Retail: Banks Shoes Calls In Receiver

Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. More>>

ALSO:

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO: