In the September 2022 quarter, prices received by producers of goods and services (outputs) increased by 1.6 percent compared with the June 202 quarter. Prices paid by producers of goods and services increased by 0.8 percent over the same period.
“Although the majority of industries had price increases, the electricity and gas supply industry had significant price decreases. Lower prices in the electricity and gas supply industry were due to favourable generation conditions such as high hydro lake levels,” said Bryan Downes, Business Prices Delivery Manager.
Higher prices received by the dairy product manufacturing (up 9.9 percent), accommodation and food services (up 5.7 percent), and building construction (up 2.5 percent) industries were the largest contributors to the increase in prices received by producers. Offsetting this was a 13.9 percent fall in prices received by producers in the electricity and gas supply industry.
Higher prices paid by the meat and meat product manufacturing (up 6.2 percent), building construction (up 2.3 percent), and construction services (up 2.8 percent) industries were the largest contributors to the increase in prices paid by producers. Offsetting this was a fall of 23.2 percent in prices paid by producers in the electricity and gas supply industry.
