Cheaper spring produce helps food prices fall in October

Mon, 12 Nov 2012

Nov 13 (BusinessDesk) - Food prices fell by 0.6 percent in the month of October, spurred by seasonally adjusted falls in the price of tomatoes, lettuces and capsicums, and helped by a 0.5 percent drop in the cost of takeaway and restaurant meals. The Statistics New Zealand Food Price Index showed a 0.3 percent rise to the 12 months to October. During the October month, grocery prices somewhat offset the falls in fresh produce prices, which were down 5.5 percent from the month before. Soft drinks, plain biscuits, and sweets were among grocery...

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