Topics
Series
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Business Price Index
en-NZ
Studies
Concept
Label
Farm expenses price index (FEPI)
en-NZ
Description
The FEPI measures price change for fixed inputs of goods and services to the farming industry. It does not fully measure changes in the production costs of farming. This is because production costs do not solely depend on price movements, but also on factors that affect productivity (eg technological advances, management efficiency, and climate fluctuations).
FEPI does not cover capital expenditure and depreciation. (For price indexes of capital expenditure, refer to the CGPI.)
en-NZ