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Financial News: New Zealand Producer Prices Input Rises In Q2

New Zealand Producer Prices Input Rises In Q2

08/18/2021 - 02:12:00 (RTTNews)

(RTTNews) - New Zealand's producer prices input increased in the second quarter, Statistics New Zealand said on Wednesday.

Producer prices input rose 3.0 percent sequentially in the second quarter.

Producer price outputs grew 2.6 percent on quarter.

"As we saw last quarter, low lake levels and gas supply constraints continue to push electricity and gas prices higher," business prices delivery manager, Bryan Downes said.

Farm expense prices were up 1.4 percent on quarter and capital goods prices gained 2.9 percent in the second quarter.

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