Higher fuel prices contributed to rises in New Zealand's producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter

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17 August 2018

Higher fuel prices contributed to rises in New Zealand's producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter

Higher fuel prices contributed to rises in producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter, Stats NZ said today.

Higher prices received for whole milk powder also contributed to the increase in overall output price.

Input prices are the prices producers pay for goods and services. Output prices are the prices producers receive for their goods and services.

Oil is a significant source of energy for New Zealand. Changes in the price of oil affect the overall prices paid by households and businesses. In New Zealand, fuel prices are affected by the prices of imported crude oil and domestic oil production, and the exchange rate.

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