New Zealand Business Prices Edge Up in Q2
Stats NZ reported that the Producer Price Index (PPI) for both outputs and inputs rose 0.6% compared to the previous quarter. Meanwhile, the Farm Expenses Price Index registered a 0.5% uptick.
Conversely, prices for long-term assets declined slightly, with the Capital Goods Price Index slipping 0.2%, the agency noted.
The steepest gains were seen in electricity, gas, water, and waste services, where output prices jumped 6.2% and input costs climbed 3.5%.
Manufacturing saw a more moderate increase of 0.3% in output prices, while the agriculture, forestry, and fishing sector posted 0.9% output growth. Input costs in that category rose 1.2%, the data showed.
Input prices in the retail trade and accommodation sectors also increased 1.2%, according to Stats NZ.
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