17 May 2013

Q1 manufacturing costs up for producers

12:28 pm on 17 May 2013

Rising electricity costs pushed up producers' manufacturing costs in the first quarter, as well as the price they got for their goods at the factory and farm gate.

Statistics New Zealand says producers' input prices, which is a measure of wholesale inflation, rose 0.8% in the first three months of this year, compared to the previous quarter. Output prices also rose 0.8%.

Electricity and gas supply prices rose 15%, due to higher generation costs.

Dairy farmers received a 5% rise in the price paid for their product, due to high export prices for milk powder.