NZ annual food prices slide 1.3% in July, on weakness in dairy products

Wed, 10 Aug 2016

By Tina Morrison Aug. 11 (BusinessDesk) - New Zealand annual food prices fell in July, as weaker dairy prices weighed on the grocery segment. Food prices dropped 1.3 percent in July from the same month a year earlier, the biggest decline in the series this year, Statistics New Zealand said. Prices were down 0.2 percent from June. Grocery prices dropped 2.9 percent in the year, led by dairy products as cheese fell 11 percent, fresh milk dropped 3.2 percent, yoghurt slid 9.7 percent and butter shed 11 percent. This was partly offset by a...

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