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Producer prices rose in the June 2016 quarter, due to higher fuel and electricity prices, Statistics New Zealand said today.
The input prices (costs paid) for the petroleum and coal product manufacturing industry rose 22 percent in the June 2016 quarter, due to higher international prices for crude oil. This follows falls of 22 percent in both the March and December quarters.
"Despite the June quarterly increase in costs paid by fuel manufacturers, fuel prices have fallen by about half since mid-2012," business prices manager Sarah Williams said.
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