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

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news