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Statistics New Zealand released its output and input producer price index (PPI) data on the late Wednesday evening. New Zealand's input PPI slid 1.2% in the fourth quarter, after a 1.6% growth in the third quarter.
Output PPI fell 0.8% in the fourth quarter, after a 1.3% rise in the third quarter.
Prices received by dairy product manufacturers dropped 10% in the fourth quarter, prices received by petroleum and coal product manufacturers plunged 10%, while prices for purchasing capital goods increased 0.6%.
Prices paid by dairy product manufacturers fell 7.1% in the fourth quarter, while prices paid by petroleum and coal product manufacturers slid 22%.
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