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- New Zealand’s producer price inflation slides in the fourth quarter
New Zealand’s producer price inflation slides in the fourth quarter
Statistics New Zealand released its output and input producer price index (PPI) data on the late Wednesday evening. New Zealand's input PPI slid 1.2% in the fourth quarter, after a 1.6% growth in the third quarter.
Output PPI fell 0.8% in the fourth quarter, after a 1.3% rise in the third quarter.
Prices received by dairy product manufacturers dropped 10% in the fourth quarter, prices received by petroleum and coal product manufacturers plunged 10%, while prices for purchasing capital goods increased 0.6%.
Prices paid by dairy product manufacturers fell 7.1% in the fourth quarter, while prices paid by petroleum and coal product manufacturers slid 22%.
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