Producer prices fell in the December 2014 quarter, due to lower dairy prices, Statistics New Zealand said today. Prices received (as measured by the output producers price index (PPI)) and paid (as measured by the input PPI) both fell in the December 2014 quarter, down 0.1 percent and 0.4 percent, respectively. "Lower prices received by dairy manufacturers and paid to dairy farmers were the main contributors to falls in both the output and input PPI in the December 2014 quarter," prices manager Chris Pike said. Prices received by dairy product manufacturers were down 10 percent, reflecting lower milk powder prices; ... (full story)