NZ food prices fall 0.2 percent in November; lamb leads meat lower, fruit, veges drop

Wed, 11 Dec 2013

Dec. 12 (BusinessDesk) – New Zealand food prices fell last month as lamb led a decline in meat and seasonal prices fell for fruit and vegetables. Food prices rose on an annual basis, suggesting inflation pressures may be emerging. Food prices rose 0.2 percent in November from October and rose 1.4 percent from a year earlier, according to Statistics New Zealand. Prices have fallen or held unchanged in each of the past four months. The figures come after the Reserve Bank today gave a stronger signal in its monetary policy statement that intere...

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