Food prices flat in October as rising meat and milk prices offset decline in veggies

Wed, 12 Nov 2014

By Suze Metherell Nov. 13 (BusinessDesk) - New Zealand food prices were little changed in October, following a fall in September, as rising meat, milk and chocolate prices were offset by falling vegetable prices. The food price index was unchanged last month, following September's 0.8 percent decline and a 0.3 percent rise in August, according to Statistics New Zealand. The index was 0.9 percent higher than the same month a year earlier. Food prices make up 19 percent of the broader consumers price index, a measure of inflation complie...

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