Higher prices for dairy and livestock pushed up producer prices in the September quarter, Statistics New Zealand said.The producers price index (PPI) outputs index, measuring prices received by producers, was up 1.2 percent and the inputs index, measuring
Higher prices for dairy and livestock pushed up producer prices in the September quarter, Statistics New Zealand said.
The producers price index (PPI) outputs index, measuring prices received by producers, was up 1.2 percent and the inputs index, measuring the costs of production, excluding labour and depreciation costs, was up 0.7 percent.
Output prices for livestock, cropping farming rose 6 percent, reflecting higher cattle and lamb prices. Product manufacturing prices rose 3.9 percent due to higher export prices. While prices for dairy cattle farming rose 5.3 percent, reflecting higher farm-gate milk prices.
Input prices for meat and meat product manufacturing was up 7 percent, caused by higher livestock prices for cattle and lamb; and prices for dairy product manufacturing was up 4 percent, reflecting higher farm-gate milk prices.
Output prices rose 4 percent overall in the year to September, while input prices rose 3.8 percent.
