NZ food prices fall 0.1% in November, rise in year on gains for kumara, pumpkin, butter

Tue, 12 Dec 2017

By Rebecca Howard Dec. 13 (BusinessDesk) - New Zealand food prices eased on the month in November but remained higher on the year, as poor growing conditions pushed pumpkin and kumara prices to historic highs and butter prices remained at record levels. The food price index fell 0.1 percent on a seasonally adjusted basis versus the prior month, Statistics New Zealand said. Fruit and vegetables cost 1.2 percent more than they did in October while meat, poultry and fish cost 1.0 percent less. Grocery food prices lifted 0.2 percent on the...

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