NZ food prices fall for fifth month in December, led by cheaper chicken

Thu, 14 Jan 2016

By Paul McBeth Jan. 15 (BusinessDesk) - New Zealand food prices fell for a fifth month in December, as the cheapest chicken since 2008 and lower prices for other meat and fish led the index lower, and prompted at least one local bank to revise down its forecast for next week's inflation data. The food price index dropped 0.8 percent in December, extending its decline from a 0.2 percent fall in November, according to Statistics New Zealand. Prices fell 1.3 percent on an annual basis, the biggest yearly drop since July 2012. Poultry pr...

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