Crude oil lowers producers' input prices
19 May 2009
Producers' input prices, as measured in the Producers Price Index (PPI), fell 2.5 per cent and output prices fell 1.4 percent in the March 2009 quarter, Statistics New Zealand said this week.
Lower prices for imported crude oil and for fuel made major contributions to the fall in input prices, while lower prices in the dairy product manufacturing index drove down output prices.
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