New Zealand food prices rise in Dec, on seasonal fruits and meat

Wed, 14 Jan 2015

By Suze Metherell Jan. 15 (BusinessDesk) - New Zealand food prices rose in December, following a fall in November, led by more expensive fruit and meat, while dairy products fell. The food price index rose 0.3 percent last month, following November's 0.5 percent and a static October, according to Statistics New Zealand. The index was 1 percent higher than December a year earlier. Food prices make up 19 percent of the broader consumers price index (CPI), a measure of inflation compiled by the national statistician. The Reserve Bank has...

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