Higher prices received for whole milk powder also contributed to the increase in overall output price.
Input prices are the prices producers pay for goods and services. Output prices are the prices producers receive for their goods and services.
Oil is a significant source of energy for New Zealand. Changes in the price of oil affect the overall prices paid by households and businesses. In New Zealand, fuel prices are affected by the prices of imported crude oil and domestic oil production, and the exchange rate. . . . . . .