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New Zealand Producer Prices Rises in March Quarter

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New Zealand's output producer price index (PPI) rose 0.8% in the March quarter, while input PPI increased by 1.4% compared with the preceding three-month period, Stats NZ data showed Tuesday.

Output PPI pertains to prices received by producers, while input PPI refers to prices paid by producers.

The largest output industry contributions were dairy product manufacturing, dairy cattle farming, and electricity and gas supply.

The largest input industry contributions were dairy product manufacturing, electricity and gas supply, and meat and meat product manufacturing.

Elsewhere, the farm expenses price index increased by 1.7%, while the capital goods price index inched up 0.2%.

On an annual basis, output PPI rose 2.2% in the March quarter, while input PPI increased 1.8%. Capital goods prices rose 1.2%, and prices paid by farmers went up 4.6%.

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