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Higher meat and farm-gate milk prices push up producer prices

From stats.govt.nz

Producer prices rose in the September 2015 quarter, influenced by higher meat and farm-gate milk prices, and a weaker New Zealand dollar, 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 rose in the September 2015 quarter, up 1.3 percent and 1.6 percent, respectively. "Prices were up 10 percent for sheep, beef, and grain farmers," prices manager Chris Pike said. "This meant meat product manufacturers had an 8.0 percent rise in their input prices. The prices they received rose 5.5 percent, due to higher meat ... (full story)

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