Higher dairy, meat, fuel prices hike producers' prices
Higher prices for dairy, meat and fuel products affected the prices received by producers in the June quarter and the costs of production.
Hot Topic
Infrastructure
Higher prices for dairy, meat and fuel products affected the prices received by producers in the June quarter and the costs of production.
The producers price index (PPI) outputs index -- the prices received by producers -- rose 1.1 percent in the three months, Statistics New Zealand (SNZ) said today.
Output prices for dairy product manufacturing rose 5.5 percent reflecting higher export prices. They rose 6 percent for livestock and cropping farming as cattle and lamb prices rose, while wholesale trade output prices rose 1.4 percent reflecting higher diesel and petrol prices, and meat and meat product manufacturing output prices rose 4.3 percent as export prices rose.
The PPI inputs index -- the costs of production, excluding labour and depreciation -- rose 1.4 percent.
Key influences on the inputs index included a 3 percent rise for wholesale trade as gas condensate and imported crude oil prices rose, meat and meat product manufacturing was up 8.5 percent reflecting higher cattle and lamb prices, and dairy product manufacturing lifted 2.9 percent with higher farm-gate milk prices.
For the year to June, output prices were up 1.3 percent, while input prices rose 2 percent.
NZPA
Thu, 19 Aug 2010
Thu, 19 Aug 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Higher dairy, meat, fuel prices hike producers' prices
7726