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- New Zealand’s producer price inflation slides in the first quarter
New Zealand’s producer price inflation slides in the first quarter
Statistics New Zealand released its output and input producer price index (PPI) data on the late Tuesday evening. New Zealand's input PPI slid 1.0% in the first quarter, after a 1.2% fall in the fourth quarter.
"The petroleum and coal product manufacturing industry makes a broad range of fuel products, including petrol, diesel, and aviation fuel," business prices manager Sarah Williams said.
Output PPI fell 0.2% in the first quarter, after a 0.8% decline in the fourth quarter.
Prices received by petroleum and coal product manufacturers plunged 22% in the first quarter. Prices paid by petroleum and coal product manufacturers slid 18%.
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