In the September quarter, prices received by producers of goods and services (outputs) increased 1.6 percent compared with the June quarter. Prices paid by producers of goods and services (inputs) increased 0.8 percent over the same period, Stats NZ said.
"Although the majority of industries had price increases, the electricity and gas supply industry had significant price decreases," said Stats NZ's business prices delivery manager Bryan Downes.
Lower prices in the electricity and gas supply industry were due to favorable generation conditions such as high hydro lake levels, Downes said.
Higher prices received by the dairy product manufacturing, accommodation and food services, and building construction industries were the largest contributors to the increase in prices received by producers, he said.
Offsetting this was a 13.9 percent fall in prices received by producers in the electricity and gas supply industry, he added.
Higher prices paid by the meat and meat product manufacturing, building construction, and construction services industries were the largest contributors to the increase in prices paid by producers, Downes said, adding that offsetting this was a fall of 23.2 percent in prices paid by producers in the electricity and gas supply industry.
On average, for all farm types, expenses were 15 percent higher than a year ago. The latest increase was the largest annual increase since the the series began in 1993, statistics show.
"Recent increases in interest rates and fertilizer and fuel prices have been notable factors," Downes said.
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