New Zealand’s producers input and output prices rose modestly in the second quarter, driven by higher power prices, but the annual rises were the lowest in more than two years further backing the view that price pressures remain benign and interest rates can stay on hold for longer.
Producers’ input prices – a measure of wholesale inflation – were 0.6 percent higher in the three months to 30 June from the previous quarter, the 11th straight quarterly increase, according to official data released on Friday.
(Source: The Business Times)