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New Zealand Input Producers Price Index Rises Over 4% Year on Year in June

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Prices paid by producers of goods and services in New Zealand in the June quarter saw a 4.1% increase compared with the same period last year, according to a report released by Stats NZ on Wednesday.

"In the June quarter, prices paid by producers for inputs like fuel, power, and raw materials rose faster than prices received for the goods and services they produced," said prices and deflators spokesperson Nicola Growden.

Prices received by producers of goods and services rose 3.2%.

Meanwhile, prices paid by farmers recorded an 8% year-on-year increase in June, while capital goods prices saw a 3.2% year-on-year increase.

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