New Zealand Producer Prices Fall In Q4

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Producer output prices in New Zealand fell 0.4% quarter-on-quarter in the December quarter, Statistics New Zealand said on Tuesday. This compares to analyst expectations for a 0.1% decrease and comes after a 1.4% decline in the September quarter.

At the same time, producer input prices were up 0.3%, rebounding from the 1.1% slump in the previous quarter. Economists were looking for a 0.1% increase.

On a yearly basis, producer output prices were down 3.8% while input prices slid 3.3%.

Producer output prices in New Zealand fell 0.4% quarter-on-quarter in the December quarter, Statistics New Zealand said on Tuesday. This compares to analyst expectations for a 0.1% decrease and comes after a 1.4% decline in the September quarter. (Market News Provided by RTTNews)