Dairy drives NZ food prices higher as butter hits record

Wed, 11 Oct 2017

By Sophie Boot Oct. 12 (BusinessDesk) - New Zealand food prices rose in September as dairy products continued to increase with butter prices hitting another record high. The food price index advanced 0.5 percent on a seasonally adjusted basis in the month, and gained 3 percent for the year to September, Statistics New Zealand said. Fruit and vegetables cost 6.5 percent more than a year earlier, while meat, poultry and fish prices rose 1.4 percent and grocery food prices, which includes dairy, increased 3.7 percent annually. Butter pri...

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